1.Short title; table of contents
(a)This Act may be cited as the Iran Threat Reduction Act of 2011
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(b)The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Findings.
Sec. 3. Statement of policy.
Title I—Iran energy sanctions
Sec. 101. Findings.
Sec. 102. Sense of Congress.
Sec. 103. Declaration of policy.
Sec. 104. Multilateral regime.
Sec. 105. Imposition of sanctions.
Sec. 106. Description of sanctions.
Sec. 107. Advisory opinions.
Sec. 108. Termination of sanctions.
Sec. 109. Duration of sanctions.
Sec. 110. Reports required.
Sec. 111. Determinations not reviewable.
Sec. 112. Definitions.
Sec. 113. Effective date.
Sec. 114. Repeal.
Title II—Iran freedom support
Sec. 201. Codification of sanctions.
Sec. 202. Liability of parent companies for violations of sanctions by foreign subsidiaries.
Sec. 203. Declaration of Congress regarding United States policy toward Iran.
Sec. 204. Assistance to support democracy in Iran.
Sec. 205. Imposition of sanctions on certain persons who are responsible for or complicit in human rights abuses committed against citizens of Iran or their family members after the June 12, 2009, elections in Iran.
Sec. 206. Clarification of sensitive technologies for purposes of procurement ban.
Sec. 207. Comprehensive strategy to promote internet freedom and access to information in Iran.
Title III—Iran regime and Iran’s Islamic Revolutionary Guard Corps accountability
Sec. 301. Iran’s Islamic Revolutionary Guard Corps.
Sec. 302. Additional export sanctions against Iran.
Sec. 303. Sanctions against affiliates of Iran’s Islamic Revolutionary Guard Corps.
Sec. 304. Measures against foreign persons or entities supporting Iran’s Islamic Revolutionary Guard Corps.
Sec. 305. Special measures against foreign countries supporting Iran’s Islamic Revolutionary Guard Corps.
Sec. 306. Authority of State and local governments to restrict contracts or licenses for certain sanctionable persons.
Sec. 307. Iranian activities in Iraq and Afghanistan.
Sec. 308. United States policy toward Iran.
Sec. 309. Definitions.
Sec. 310. Rule of construction.
Title IV—Iran financial sanctions; divestment from certain companies that invest in Iran; and prevention of diversion of certain goods, services, and technologies to Iran
Sec. 401. Iran financial sanctions.
Sec. 402. Divestment from certain companies that invest in Iran.
Sec. 403. Prevention of diversion of certain goods, services, and technologies to Iran.
Title V—Securities and Exchange Commission
Sec. 501. Disclosures to the Securities and Exchange Commission relating to sanctionable activities.
Title VI—General provisions
Sec. 601. Denial of visas for certain persons of the Government of Iran.
Sec. 602. Inadmissibility of certain aliens who engage in certain activities with respect to Iran.
Sec. 603. Amendments to civil and criminal penalties provisions under the International Emergency Economic Powers Act.
Sec. 604. Exclusion of certain activities.
Sec. 605. Regulatory authority.
Sec. 606. Sunset.
2.Congress makes the following findings:
(1)Successive administrations have clearly identified the unacceptability of the Iranian regime’s pursuit of nuclear weapons capabilities and the danger that pursuit presents to the United States, to our friends and allies, and to global security.
(2)In May 1995, President Clinton stated that The specter of an Iran armed with weapons of mass destruction and the missiles to deliver them haunts not only Israel but the entire Middle East and ultimately all the rest of us as well. The United States and, I believe, all the Western nations have an overriding interest in containing the threat posed by Iran.
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(3)In the 2006 State of the Union Address, President Bush stated that The Iranian government is defying the world with its nuclear ambitions, and the nations of the world must not permit the Iranian regime to gain nuclear weapons. America will continue to rally the world to confront these threats.
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(4)In February 2009, President Obama committed the Administration to developing a strategy to use all elements of American power to prevent Iran from developing a nuclear weapon
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(5)Iran is a major threat to United States national security interests, not only exemplified by Tehran’s nuclear program but also by its material assistance to armed groups in Iraq and Afghanistan, to the Palestinian group Hamas, to Lebanese Hezbollah, the Government of Syria, and to other extremists that seek to undermine regional stability. These capabilities provide the regime with potential asymmetric delivery vehicles and mechanisms for nuclear or other unconventional weapons.
(6)Iran’s growing inventory of ballistic missile and other destabilizing types of conventional weapons provides the regime the capabilities to enhance its power projection throughout the region and undermine the national security interests of the United States and its friends and allies.
(7)Were Iran to achieve a nuclear weapons capability, it would, inter alia—
(A)likely lead to the proliferation of such weapons throughout the region, where several states have already indicated interest in nuclear programs, and would dramatically undercut 60 years of United States efforts to stop the spread of nuclear weapons;
(B)greatly increase the threat of nuclear terrorism;
(C)significantly expand Iran’s already-growing influence in the region;
(D)insulate the regime from international pressure, giving it wider scope further to oppress its citizens and pursue aggression regionally and globally;
(E)embolden all Iranian-supported terrorist groups, including Hamas and Hezbollah; and
(F)directly threaten several United States friends and allies, especially Israel, whose very right to exist has been denied successively by every leader of the Islamic Republic of Iran and which Iranian President Ahmadinejad says should be wiped off the map
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(8)Successive Congresses have clearly recognized the threat that the Iranian regime and its policies present to the United States, to our friends and allies, and to global security, and responded with successive bipartisan legislative initiatives.
(9)The extent of the Iranian threat is greater today than when the Iran and Libya Sanctions Act of 1996 was signed into law, now known as the Iran Sanctions Act of 1996. That landmark legislation imposed sanctions on foreign companies investing in Iran’s energy infrastructure in an effort to undermine the strategic threat from Iran, by cutting off investment in its petroleum sector and thereby denying the regime its economic lifeline and its ability to pursue a nuclear program.
(10)Laws such as the Iran and Libya Sanctions Act of 1996, which was retitled the Iran Sanctions Act of 1996, paved the way for the enactment of similar laws, such as the Iran, North Korea and Syria Nonproliferation Act, the Iran-Iraq Arms Non-Proliferation Act of 1992, the Iran Freedom Support Act, and the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010.
(11)United States sanctions on Iran have hindered Iran’s ability to attract capital, material, and technical support for its petroleum sector, creating financial difficulties for the regime.
(12)In the Joint Explanatory Statement of the Committee of Conference to the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 50 U.S.C. 1701 note) issued on June 23, 2010, the Members of the Committee of Conference noted that Although [the Iran Sanctions Act] was enacted more than a decade ago, no Administration has sanctioned a foreign entity for investing $20 million or more in Iran’s energy sector, despite a number of such investments. Indeed, on only one occasion, in 1998, did the Administration make a determination regarding a sanctions-triggering investment, but the Administration waived sanctions against the offending persons. Conferees believe that the lack of enforcement of relevant enacted sanctions may have served to encourage rather than deter Iran’s efforts to pursue nuclear weapons.
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(13)The Joint Explanatory Statement also noted that The effectiveness of this Act will depend on its forceful implementation. The Conferees urge the President to vigorously impose the sanctions provided for in this Act.
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(14)The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 mandates among other provisions that the President initiate investigations of potentially sanctionable activity under the Iran Sanctions Act of 1996. Although more than 16 months have passed since enactment of this legislation, Congress has not received notice of the imposition of sanctions on any entities that do significant business in the United States, despite multiple reports of potentially sanctionable activity by such entities. Although, in accordance with the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, some potentially sanctionable entities have been persuaded to wind down and end their involvement in Iran, others have not.
(15)It is unlikely that Iran can be compelled to abandon its pursuit of nuclear weapons unless sanctions are fully and effectively implemented.
3.It shall be the policy of the United States to—
(1)prevent Iran from—
(A)acquiring or developing nuclear weapons and associated delivery capabilities;
(B)developing its unconventional weapons and ballistic missile capabilities; and
(C)continuing its support for foreign terrorist organizations and other activities aimed at undermining and destabilizing its neighbors and other nations; and
(2)fully implement all multilateral and bilateral sanctions against Iran in order to deprive the Government of Iran of necessary resources and to compel the Government of Iran to—
(A)abandon and verifiably dismantle its nuclear capabilities;
(B)abandon and verifiably dismantle its ballistic missile and unconventional weapons programs; and
(C)cease all support for foreign terrorist organizations and other activities aimed at undermining and destabilizing its neighbors and other nations.
<enum>I</enum><header>Iran energy sanctions</header>
<section id="H248077AE47DF486AAC61CE034D733310"><enum>101.</enum><header>Findings</header><text display-inline="no-display-inline">Congress makes the following findings:</text>
<paragraph id="HFA4D5449F1834C6D87119B1B3CB4F1F4"><enum>(1)</enum><text>The efforts of the Government of Iran to achieve nuclear weapons capability and to acquire other unconventional weapons and the means to deliver them, both through ballistic missile and asymmetric means, and its support for foreign terrorist organizations and other extremists endanger the national security and foreign policy interests of the United States and those countries with which the United States shares common strategic and foreign policy objectives.</text></paragraph>
<paragraph id="H79F1DE00666344B5BB002DD89D1B8AB1"><enum>(2)</enum><text>The objectives of preventing the proliferation of nuclear and other unconventional weapons and countering the activities of foreign terrorist organizations and other extremists through existing multilateral and bilateral initiatives require further efforts to deny Iran the financial means to sustain its nuclear, chemical, biological, and missile weapons programs and its active support for terrorism.</text></paragraph>
<paragraph id="H5F3200DFEF7B42429B53B4ADB7F303BD"><enum>(3)</enum><text>The Government of Iran uses its diplomatic facilities and quasi-governmental institutions outside of Iran to support foreign terrorist organizations and other extremists, and assist its unconventional weapons and missile programs, including its nuclear program.</text></paragraph></section>
<section id="HA1FDEE92E05F4096ADA56AB3AC3B9038"><enum>102.</enum><header>Sense of Congress</header><text display-inline="no-display-inline">It is the sense of Congress that the goal of compelling Iran to abandon its pursuit of nuclear weapons and other threatening activities can be achieved most effectively through full implementation of all sanctions enacted into law, including those sanctions set out in this title.</text></section>
<section id="H40A719D17BE3402D8B94399A4485CEEE"><enum>103.</enum><header>Declaration of policy</header><text display-inline="no-display-inline">Congress declares that it is the policy of the United States to deny Iran the ability to support acts of foreign terrorist organizations and extremists and develop unconventional weapons and ballistic missiles. A critical means of achieving that goal is sanctions that limit Iran’s ability to develop its energy resources, including its ability to explore for, extract, refine, and transport by pipeline its hydrocarbon resources, in order to limit the funds Iran has available for pursuing its objectionable activities.</text></section>
<section id="H983A40C73E974B67ACD2782D68B576A2"><enum>104.</enum><header>Multilateral regime</header>
<subsection id="H96D9059A33104F40A729D5089A0F0846"><enum>(a)</enum><header>Multilateral negotiations</header><text>In order to further the objectives of section 103 of this Act, Congress urges the President immediately to initiate diplomatic efforts, both in appropriate international fora such as the United Nations, and bilaterally with allies of the United States, to expand the multilateral sanctions regime regarding Iran, including—</text>
<paragraph id="HE765CF43598743BC82F88CAFADEB8067"><enum>(1)</enum><text>qualitatively expanding the United Nations Security Council sanctions regime against Iran;</text></paragraph>
<paragraph id="H88B38110C765436AA8391AC8DB98ACAC"><enum>(2)</enum><text>qualitatively expanding the range of sanctions by the European Union, South Korea, Japan, Australia, and other key United States allies;</text></paragraph>
<paragraph id="H4C985823B81F47A593F5EFD12A763E41"><enum>(3)</enum><text>further efforts to limit Iran’s development of petroleum resources and import of refined petroleum; and</text></paragraph>
<paragraph id="HF6029A3466F34CC19577EA3D78D7BC44"><enum>(4)</enum><text>initiatives aimed at increasing non-Iranian crude oil product output for current purchasers of Iranian petroleum and petroleum byproducts.</text></paragraph></subsection>
<subsection id="H5090C9F6953746638BB0D9D415DE205E"><enum>(b)</enum><header>Reports to congress</header><text>Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the President shall submit to the appropriate congressional committees a report on the extent to which diplomatic efforts described in subsection (a) have been successful. Each report shall include—</text>
<paragraph id="HACEE4018E06248418D678DFD17474900"><enum>(1)</enum><text display-inline="yes-display-inline">the countries that have agreed to undertake measures to further the objectives of section 103 of this Act with respect to Iran, and a description of those measures; and</text></paragraph>
<paragraph id="H6BBBFF89FAF144A39F1999AFCFDC76EB"><enum>(2)</enum><text display-inline="yes-display-inline">the countries that have not agreed to measures described in paragraph (1), and, with respect to those countries, other measures the President recommends that the United States take to further the objectives of section 103 of this Act with respect to Iran.</text></paragraph></subsection>
<subsection id="HB164C67E9F0840DCA4152C0A587C03D1"><enum>(c)</enum><header>Interim report on multilateral sanctions; monitoring</header><text>Not later than 90 days after the date of the enactment of this Act, the President shall submit to the appropriate congressional committees a report on—</text>
<paragraph id="H01F47169C5CE45D38B869CE50F0CAD8F"><enum>(1)</enum><text>the countries that have established legislative or administrative standards providing for the imposition of trade sanctions on persons or their affiliates that conduct business or have investments in Iran;</text></paragraph>
<paragraph id="H9A337DF6AABA4725859A1C663ABA8163"><enum>(2)</enum><text>the extent and duration of each instance of the application of such sanctions; and</text></paragraph>
<paragraph id="HF800C75DB3B94CAB8F9D1B7969C82C25"><enum>(3)</enum><text>the disposition of any decision with respect to such sanctions by the World Trade Organization or its predecessor organization.</text></paragraph></subsection>
<subsection id="H3D25B314D13640A5843F02E7CF570A73"><enum>(d)</enum><header>Investigations</header>
<paragraph id="HE86DA8BDE13F46349B812C2B9EEB7AA0"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">The President shall initiate an investigation into the possible imposition of sanctions under section 105 of this Act against a person upon receipt by the United States of credible information indicating that such person is engaged in an activity described in such section.</text></paragraph>
<paragraph id="HEE9266B11C42401CB707BA6252765A71"><enum>(2)</enum><header>Determination and notification</header><text display-inline="yes-display-inline">Not later than 180 days after the date on which an investigation is initiated under paragraph (1), the President shall (unless paragraph (6) applies) determine, pursuant to section 105 of this Act, if a person has engaged in an activity described in such section and shall notify the appropriate congressional committees of the basis for any such determination.</text></paragraph>
<paragraph id="H812D93281D364E5E83CC477D7B7CEF9F"><enum>(3)</enum><header>Briefing</header>
<subparagraph id="H90AC11EB86FA404C8200A9924293EA44"><enum>(A)</enum><header>In general</header><text>Not later than 30 days after the date of the enactment of this Act, and at the end of every 3-month period thereafter, the President, acting through the Secretary of State, shall brief the appropriate congressional committees regarding investigations initiated under this subsection.</text></subparagraph>
<subparagraph id="HC08182C47F89466CB9C9ABDE13AD1558"><enum>(B)</enum><header>Form</header><text>The briefings required under subparagraph (A) shall be provided in unclassified form, but may be provided in classified form.</text></subparagraph></paragraph>
<paragraph id="HC40D3AD69EBC4B61859DEBAF3FC63E0D"><enum>(4)</enum><header>Submission of information</header>
<subparagraph id="H97DFFA61F1FD466DBD96AAC5FE5CFA5E"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">The Secretary of State shall, in accordance with section 15(b) of the State Department Basic Authorities Act of 1956 (22 U.S.C. 2680(b)), provide to the appropriate congressional committees all requested information relating to investigations or reviews initiated under this title, including the number, scope, and dates of such investigations or reviews.</text></subparagraph>
<subparagraph id="HC4C9C56259274DAC9647666E84675E08"><enum>(B)</enum><header>Form</header><text>The information required under subparagraph (A) shall be provided in unclassified form, but may contain a classified annex.</text></subparagraph></paragraph>
<paragraph id="HBFB52B4BA28D428F81A6FDC415166510"><enum>(5)</enum><header>Termination</header><text>Subject to paragraph (6), the President may, on a case-by-case basis, terminate an investigation of a person initiated under this subsection.</text></paragraph>
<paragraph id="HC0B0E466E807477EABC4D158D60DE747"><enum>(6)</enum><header>Special rule</header>
<subparagraph id="H099635B460AA4B7D8AD3552EB3A7D99E"><enum>(A)</enum><header>In general</header><text>The President need not initiate an investigation, and may terminate an investigation, on a case-by-case basis under this subsection if the President certifies in writing to the appropriate congressional committees 15 days prior to the determination that—</text>
<clause id="HAC251C2355AC46FFA29B0D5D0564C63E"><enum>(i)</enum><text>the person whose activity was the basis for the investigation is no longer engaging in the activity or is divesting all holdings and terminating the activity within one year from the date of the certification; and</text></clause>
<clause id="HD3BDDE8F151F47DDB29CBA6B9A631148"><enum>(ii)</enum><text display-inline="yes-display-inline">the President has received reliable assurances that the person will not knowingly engage in an activity described in section 105(a) of this Act in the future.</text></clause></subparagraph>
<subparagraph id="H26C2676F2A6D439AA13470E2AF0ED9BD" commented="no"><enum>(B)</enum><header>Application of sanctions</header><text display-inline="yes-display-inline">The President shall apply the sanctions described in section 106(a) of this Act in accordance with section 105(a) of this Act to a person described in subparagraph (A) if—</text>
<clause id="HFD5006C23A1E457CAE7B362EB2492E90" commented="no"><enum>(i)</enum><text>the person fails to verifiably divest all holdings and terminate the activity described in subparagraph (A) of this paragraph within one year from the date of certification of the President under subparagraph (A); or</text></clause>
<clause id="HF10294F9D219424B89D6F14ADCE0BCF4" commented="no"><enum>(ii)</enum><text>the person has been previously designated pursuant to section 4(e)(3) of the Iran Sanctions Act of 1996, as in effect on the day before the date of the enactment of this Act, and fails to verifiably divest all holdings and terminate the activity described in subparagraph (A) within 180 days from the date of enactment of this Act. </text></clause></subparagraph>
<subparagraph id="HED3E042F69AF47F1AF557A11F92DA5BA" display-inline="no-display-inline"><enum>(C)</enum><header>Report</header><text display-inline="yes-display-inline">Not later than 90 days after the date of enactment of this Act, the President shall transmit to the appropriate congressional committees a report on the actions taken by persons previously designated pursuant to section 4(e)(3) of the Iran Sanctions Act of 1996, as in effect on the day before the date of the enactment of this Act, to verifiably divest all holdings and terminate the activity described in subparagraph (A). </text></subparagraph></paragraph></subsection></section>
<section id="H7BFFDDEABF144FC39311325FAE4328FE"><enum>105.</enum><header>Imposition of sanctions</header>
<subsection id="H14F36031AC2345E9BE25A19E1FAA4034"><enum>(a)</enum><header>Sanctions with respect to the development of petroleum resources of Iran, production of refined petroleum products in Iran, and exportation of refined petroleum products to Iran</header>
<paragraph id="HE329B9EEBF6241ECB9A2C8737A0BCCF3"><enum>(1)</enum><header>Development of petroleum resources of Iran</header>
<subparagraph id="HD467D07CFFA549C6BD93D01A13AC6FE5"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Except as provided in subsection (f), the President shall impose a majority of the sanctions described in section 106(a) of this Act with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of this Act—</text>
<clause id="H4757935419654AA58023A9C03F941A37"><enum>(i)</enum><text>makes an investment described in subparagraph (B) of $20,000,000 or more; or</text></clause>
<clause id="HEE71A878CFB84ADF97AE08FAFE31A9A5"><enum>(ii)</enum><text>makes a combination of investments described in subparagraph (B) in a 12-month period if each such investment is of at least $5,000,000 and such investments equal or exceed $20,000,000 in the aggregate.</text></clause></subparagraph>
<subparagraph id="H8EAB7EE2B6544305B5B2FD3C4782A00B"><enum>(B)</enum><header>Investment described</header><text>An investment described in this subparagraph is an investment that directly and significantly contributes to the enhancement of Iran’s ability to develop petroleum resources.</text></subparagraph></paragraph>
<paragraph id="H2CE8A3D2F128485CB3321A8CAE0EB3A5"><enum>(2)</enum><header>Production of refined petroleum products</header>
<subparagraph id="HBA6DBEDFF2B547F5B0CEA176AD5033A6"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Except as provided in subsection (f), the President shall impose a majority of the sanctions described in section 106(a) of this Act with respect to a person if the President determines that the person knowingly, on or after the date of the enactment this Act, sells, leases, or provides to Iran goods, services, technology, information, or support described in subparagraph (B)—</text>
<clause id="H29A429C4496048A28DCD5B1D296C1B46"><enum>(i)</enum><text>any of which has a fair market value of $1,000,000 or more; or</text></clause>
<clause id="H27700D40FD3C476F9462CF90456DFAD6"><enum>(ii)</enum><text>that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more.</text></clause></subparagraph>
<subparagraph id="H1A87EAB3FC9C4B9A8582194F5A758B3A"><enum>(B)</enum><header>Goods, services, technology, information, or support described</header><text>Goods, services, technology, information, or support described in this subparagraph are goods, services, technology, information, or support that could directly and significantly facilitate the maintenance or expansion of Iran’s domestic production of refined petroleum products, including any direct and significant assistance with respect to the construction, modernization, or repair of petroleum refineries or associated infrastructure, including construction of port facilities, railways, and roads, the primary use of which is to support the delivery of refined petroleum products.</text></subparagraph></paragraph>
<paragraph id="HB6E8819F00EA4821884DAC687AC330E3"><enum>(3)</enum><header>Exportation of refined petroleum products to Iran</header>
<subparagraph id="H8BF952AF6BAE4C6A80DDE45C7C9F3A36"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Except as provided in subsection (f), the President shall impose a majority of the sanctions described in section 106(a) of this Act with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of this Act—</text>
<clause id="H6B8ABA2F3BD84320AF8A88D1C72394B5"><enum>(i)</enum><text>sells or provides to Iran refined petroleum products—</text>
<subclause id="H955AFA7D520546A38B1C090ACA37473B"><enum>(I)</enum><text>that have a fair market value of $1,000,000 or more; or</text></subclause>
<subclause id="HC7832B44107C4F93B7B56942CCC9146B"><enum>(II)</enum><text>that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more; or</text></subclause></clause>
<clause id="H5A8D5630357A4F6C84A7DB4979220EF1"><enum>(ii)</enum><text>sells, leases, or provides to Iran goods, services, technology, information, or support described in subparagraph (B)—</text>
<subclause id="H286FD14303484BA48755D5C6DD4CABA8"><enum>(I)</enum><text>any of which has a fair market value of $1,000,000 or more; or</text></subclause>
<subclause id="H8AA34B44539540E4BFF9ED8A68694CAE"><enum>(II)</enum><text>that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more.</text></subclause></clause></subparagraph>
<subparagraph id="H3CCFD0681AB14F83BF7C57968C7D6911"><enum>(B)</enum><header>Goods, services, technology, information, or support described</header><text>Goods, services, technology, information, or support described in this subparagraph are goods, services, technology, information, or support that could directly and significantly contribute to the enhancement of Iran’s ability to import refined petroleum products, including—</text>
<clause id="HC039F571BBE14AC6B8BFC0F30B7421BC"><enum>(i)</enum><text>except as provided in subparagraph (C), underwriting or entering into a contract to provide insurance or reinsurance for the sale, lease, or provision of such goods, services, service contracts, technology, information, or support;</text></clause>
<clause id="H3355DA1536964CD6961B127AA9AF2D99"><enum>(ii)</enum><text>financing or brokering such sale, lease, or provision;</text></clause>
<clause id="H58DAC3010E634310A81374F027C2F51D"><enum>(iii)</enum><text display-inline="yes-display-inline">bartering or contracting by which the parties exchange goods for goods, including the insurance or reinsurance of such exchanges;</text></clause>
<clause id="H514E305AA8704481A3883B680F3643E2"><enum>(iv)</enum><text>purchasing, subscribing to, or facilitating the issuance of sovereign debt of the Government of Iran, including governmental bonds; or</text></clause>
<clause id="H212F816DB9AF499FADC26C28AAC9CBDC"><enum>(v)</enum><text>providing ships or shipping services to deliver refined petroleum products to Iran.</text></clause></subparagraph>
<subparagraph id="H95B61F0855F043A68E2183C5D4BD8709"><enum>(C)</enum><header>Exception for underwriters and insurance providers exercising due diligence</header><text>The President may not impose sanctions under this paragraph with respect to a person that provides underwriting services or insurance or reinsurance if the President determines that the person has exercised due diligence in establishing and enforcing official policies, procedures, and controls to ensure that the person does not underwrite or enter into a contract to provide insurance or reinsurance for the sale, lease, or provision of goods, services, technology, information, or support described in subparagraph (B).</text></subparagraph></paragraph>
<paragraph id="HFED9FE5F5BF249F88BC1A365FB1AC2EB"><enum>(4)</enum><header>Purchase, subscription to, or facilitation of the issuance of Iranian sovereign debt</header><text display-inline="yes-display-inline">Except as provided in subsection (f), the President shall impose a majority of the sanctions described in section 106(a) of this Act with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of this Act, purchases, subscribes to, or facilitates the issuance of—</text>
<subparagraph id="HB5B26578D25D4622959FC73E8F076DF3"><enum>(A)</enum><text>sovereign debt of the Government of Iran, including governmental bonds; or</text></subparagraph>
<subparagraph id="HCC38DC2369CD4D3DAB93BDF33B528026"><enum>(B)</enum><text>debt of any entity owned or controlled by the Government of Iran, including bonds.</text></subparagraph></paragraph></subsection>
<subsection id="HC6666280FAFF4E8CBD8DCFB98B45FD7E"><enum>(b)</enum><header>Mandatory sanctions with respect to development of weapons of mass destruction or other military capabilities</header>
<paragraph id="H178D99F79918466994741EB78D712A91"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">The President shall impose a majority of the sanctions described in section 106(a) of this Act if the President determines that a person, on or after the date of the enactment of this Act, has knowingly exported, transferred, permitted, hosted, or otherwise facilitated transshipment that may have enabled a person to export, transfer, or transship to Iran or otherwise provided to Iran any goods, services, technology, or other items that would contribute materially to the ability of Iran to—</text>
<subparagraph id="H806993BF418D4BB0A171102AFB9719F4"><enum>(A)</enum><text>acquire or develop chemical, biological, or nuclear weapons or related technologies; or</text></subparagraph>
<subparagraph id="H4E95DCE897B047B69C00DF1753F2C661"><enum>(B)</enum><text>acquire or develop destabilizing numbers and types of advanced conventional weapons.</text></subparagraph></paragraph>
<paragraph id="H123F1696B400402C9DD3139EB7311453"><enum>(2)</enum><header>Additional mandatory sanctions relating to transfer of nuclear technology</header>
<subparagraph id="H085CE574393D4153B4C0F712FCE57C43"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraphs (B) and (C), in any case in which a person is subject to sanctions under paragraph (1) because of an activity described in that paragraph that relates to the acquisition or development of nuclear weapons or related technology or of missiles or advanced conventional weapons that are designed or modified to deliver a nuclear weapon, no license may be issued for the export, and no approval may be given for the transfer or retransfer to the country the government of which has primary jurisdiction over the person, of any nuclear material, facilities, components, or other goods, services, or technology that are or would be subject to an agreement for cooperation between the United States and that government.</text></subparagraph>
<subparagraph id="HA9FDC3D8245E47A58F77CE8A9179218D"><enum>(B)</enum><header>Exception</header><text>The sanctions described in subparagraph (A) shall not apply with respect to a country the government of which has primary jurisdiction over a person that engages in an activity described in that subparagraph if the President determines and notifies the appropriate congressional committees that the government of the country—</text>
<clause id="H7CD5C0BBEAE4491B9EE5C807B7B850C3"><enum>(i)</enum><text>does not know or have reason to know about the activity; or</text></clause>
<clause id="HECAD8A701B1B46F6AABF0834BC09029A"><enum>(ii)</enum><text>has taken, or is taking, all reasonable steps necessary to prevent a recurrence of the activity and to penalize the person for the activity.</text></clause></subparagraph>
<subparagraph id="HADE0A0E46881474AA89E50C228CC3056"><enum>(C)</enum><header>Individual approval</header><text>Notwithstanding subparagraph (A), the President may, on a case-by-case basis, approve the issuance of a license for the export, or approve the transfer or retransfer, of any nuclear material, facilities, components, or other goods, services, or technology that are or would be subject to an agreement for cooperation, to a person in a country to which subparagraph (A) applies (other than a person that is subject to the sanctions under paragraph (1)) if the President—</text>
<clause id="HA1B6281EC8D7428D827567B845AB37EE"><enum>(i)</enum><text>determines that such approval is vital to the national security interests of the United States; and</text></clause>
<clause id="HC209EA94F4234603BBFDA2D705E094DD"><enum>(ii)</enum><text>not later than 15 days before issuing such license or approving such transfer or retransfer, submits to the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate the justification for approving such license, transfer, or retransfer.</text></clause></subparagraph>
<subparagraph id="HB2D8BB3E705A453D9EE86318B430A314"><enum>(D)</enum><header>Construction</header><text>The restrictions in subparagraph (A) shall apply in addition to all other applicable procedures, requirements, and restrictions contained in the Atomic Energy Act of 1954 and other related laws.</text></subparagraph>
<subparagraph id="H7763B7E8E09B401B8EEBBE80124A5402"><enum>(E)</enum><header>Definition</header><text>In this paragraph, the term <term>agreement for cooperation</term> has the meaning given that term in section 11 b. of the Atomic Energy Act of 1954 (42 U.S.C. 2014(b)).</text></subparagraph>
<subparagraph id="H1C3B8351683E45DF92E6F4D9D2FBEFF5"><enum>(F)</enum><header>Applicability</header><text>The sanctions described in subparagraph (A) shall apply only in a case in which a person is subject to sanctions under paragraph (1) because of an activity described in such paragraph in which such person engages on or after the date of the enactment of this Act.</text></subparagraph></paragraph></subsection>
<subsection id="H22288669DF6A47F8B57363E1ABDE76BA"><enum>(c)</enum><header>Persons against which the sanctions are to be imposed</header><text>The sanctions described in subsections (a) and (b)(1) shall be imposed on—</text>
<paragraph id="H723821DF671E4F6EA16EBC52F4F1BBD1"><enum>(1)</enum><text>any person the President determines has carried out the activities described in subsection (a) or (b), respectively; and</text></paragraph>
<paragraph id="HAA22DC5EF9EC49EDB84D48D9BB90C64B"><enum>(2)</enum><text>any person that—</text>
<subparagraph id="H40ABD8C7CD67448A8BF1CAA611E42D47"><enum>(A)</enum><text>is a successor entity to the person referred to in paragraph (1);</text></subparagraph>
<subparagraph id="HD765DFA28BC949C1B6B8A644A7C19C45"><enum>(B)</enum><text>owns or controls the person referred to in paragraph (1), if the person that owns or controls the person referred to in paragraph (1) had actual knowledge or should have known that the person referred to in paragraph (1) engaged in the activities referred to in that paragraph; or</text></subparagraph>
<subparagraph id="H7C5F4A6AB48E4CBAB7CED897900F60BE"><enum>(C)</enum><text>is owned or controlled by, or under common ownership or control with, the person referred to in paragraph (1), if the person owned or controlled by, or under common ownership or control with (as the case may be), the person referred to in paragraph (1) knowingly engaged in the activities referred to in that paragraph.</text></subparagraph><continuation-text continuation-text-level="paragraph">For purposes of this title, any person or entity described in this subsection shall be referred to as a <quote>sanctioned person</quote>.</continuation-text></paragraph></subsection>
<subsection id="H3E2E48B69BDA44C5B2426C497796B6C0"><enum>(d)</enum><header>Publication in federal register</header><text>The President shall cause to be published in the Federal Register a current list of persons and entities on whom sanctions have been imposed under this title. The removal of persons or entities from, and the addition of persons and entities to, the list, shall also be so published.</text></subsection>
<subsection id="H56F4480E75864E018927A4ACE3DEDABC"><enum>(e)</enum><header>Publication of projects</header><text>The President shall cause to be published in the Federal Register a list of all significant projects that have been publicly tendered in the oil and gas sector in Iran.</text></subsection>
<subsection id="H04B106E54AF54FB4B072FA9E2721EDFE"><enum>(f)</enum><header>Exceptions</header><text>The President shall not be required to apply or maintain the sanctions under subsection (a) or (b)—</text>
<paragraph id="H10AE6318107F4824A66A82F3636DF52E"><enum>(1)</enum><text>in the case of procurement of defense articles or defense services—</text>
<subparagraph id="H485343BC044B474F8D47863B2507DDC5"><enum>(A)</enum><text>under existing contracts or subcontracts, including the exercise of options for production quantities to satisfy requirements essential to the national security of the United States;</text></subparagraph>
<subparagraph id="H51E838DC3D26459AADC453779251EB07"><enum>(B)</enum><text>if the President determines in writing that the person to which the sanctions would otherwise be applied is a sole source supplier of the defense articles or services, that the defense articles or services are essential, and that alternative sources are not readily or reasonably available; or</text></subparagraph>
<subparagraph id="HC1D1CC2089734E86A4967E60B5B5A4A4"><enum>(C)</enum><text>if the President determines in writing that such articles or services are essential to the national security under defense coproduction agreements;</text></subparagraph></paragraph>
<paragraph id="H76C71CF718D8462B8A5BBA1E780A4D29"><enum>(2)</enum><text>in the case of procurement, to eligible products, as defined in section 308(4) of the Trade Agreements Act of 1979 (19 U.S.C. 2518(4)), of any foreign country or instrumentality designated under section 301(b) of that Act (19 U.S.C. 2511(b));</text></paragraph>
<paragraph id="HEB1C4A020B1D4A429473C42A4DEEE04D"><enum>(3)</enum><text>to products, technology, or services provided under contracts entered into before the date on which the President publishes in the Federal Register the name of the person on whom the sanctions are to be imposed;</text></paragraph>
<paragraph id="H5D9495D1B20144DAAC4AEB0BB58BE4DF"><enum>(4)</enum><text>to—</text>
<subparagraph id="H3478D612E91D4C2092789AA040CAC09D"><enum>(A)</enum><text>spare parts which are essential to United States products or production;</text></subparagraph>
<subparagraph id="H7173E9A7D6504FC396802922901277D1"><enum>(B)</enum><text>component parts, but not finished products, essential to United States products or production; or</text></subparagraph>
<subparagraph id="HFF7BAC36B4D6489DAFD5D97D9F68C90A"><enum>(C)</enum><text>routine servicing and maintenance of products, to the extent that alternative sources are not readily or reasonably available;</text></subparagraph></paragraph>
<paragraph id="HD5DB67BAABA3442591D0C520ECB883C8"><enum>(5)</enum><text>to information and technology essential to United States products or production; or</text></paragraph>
<paragraph id="H0906D4F148EA4F51801E99A14969D129"><enum>(6)</enum><text>to medicines, medical supplies, or other humanitarian items.</text></paragraph></subsection></section>
<section id="H262ED9EE5DF94152B6320077166F4C52"><enum>106.</enum><header>Description of sanctions</header>
<subsection id="H4174943B6E564BCF981F2365365C846F"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">The sanctions to be imposed on a sanctioned person under section 105 of this Act are as follows:</text>
<paragraph id="H50DE9B2FD4BC4780A9785DC2E855EB2E"><enum>(1)</enum><header>Export-import bank assistance for exports to sanctioned persons</header><text>The President may direct the Export-Import Bank of the United States to not give approval to for the issuance of any guarantee, insurance, extension of credit, or participation in the extension of credit in connection with the export of any goods or services to any sanctioned person.</text></paragraph>
<paragraph id="H8D52C39A6A0B4DF1BE7AAD2F7AD5E417"><enum>(2)</enum><header>Export sanction</header><text>The President may order the United States Government not to issue any specific license and not to grant any other specific permission or authority to export any goods or technology to a sanctioned person under—</text>
<subparagraph id="H1654BEA10B7B42DC9F8CD07395E693C3"><enum>(A)</enum><text>the Export Administration Act of 1979 (as continued in effect pursuant to the International Emergency Economic Powers Act);</text></subparagraph>
<subparagraph id="HDEC41E1A361E463ABF6AE104DCA1F430"><enum>(B)</enum><text>the Arms Export Control Act;</text></subparagraph>
<subparagraph id="H41651AA4F5524085AE5E784642E49D8E"><enum>(C)</enum><text>the Atomic Energy Act of 1954; or</text></subparagraph>
<subparagraph id="HAA7208878C0E4CF29641DCF37F61B6C4"><enum>(D)</enum><text>any other law that requires the prior review and approval of the United States Government as a condition for the export or reexport of goods or services.</text></subparagraph></paragraph>
<paragraph id="HB90835ED3DAE4526BE440E417CADC3AC"><enum>(3)</enum><header>Loans from united states financial institutions</header><text>The United States Government may prohibit any United States financial institution from making loans or providing credits to any sanctioned person totaling more than $10,000,000 in any 12-month period unless such person is engaged in activities to relieve human suffering and the loans or credits are provided for such activities.</text></paragraph>
<paragraph id="HF8A5F98BABB84DE5B0C3A34138CCD211"><enum>(4)</enum><header>Prohibitions on financial institutions</header><text>The following prohibitions may be imposed against a sanctioned person that is a financial institution:</text>
<subparagraph id="HE54F2D7BAC9E4FCCAF514CCC0BE558FE"><enum>(A)</enum><header>Prohibition on designation as primary dealer</header><text>Neither the Board of Governors of the Federal Reserve System nor the Federal Reserve Bank of New York may designate, or permit the continuation of any prior designation of, such financial institution as a primary dealer in United States Government debt instruments.</text></subparagraph>
<subparagraph id="HCC34F88DB0FB4643AF0C1D467187E56B"><enum>(B)</enum><header>Prohibition on service as a repository of government funds</header><text>Such financial institution may not serve as agent of the United States Government or serve as repository for United States Government funds.</text></subparagraph><continuation-text continuation-text-level="paragraph">The imposition of either sanction under subparagraph (A) or (B) shall be treated as one sanction for purposes of section 105 of this Act, and the imposition of both such sanctions shall be treated as 2 sanctions for purposes of section 105 of this Act.</continuation-text></paragraph>
<paragraph id="HEF4A533A74BA4F3EB29B784DF75CA68B"><enum>(5)</enum><header>Procurement sanction</header><text>The United States Government may not procure, or enter into any contract for the procurement of, any goods or services from a sanctioned person.</text></paragraph>
<paragraph id="H722399D6988A49EFBE57BF4A578DA0C0"><enum>(6)</enum><header>Foreign exchange</header><text>The President may prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest.</text></paragraph>
<paragraph id="H7F74DC721EEB48EAAEF01FE5233E52AB"><enum>(7)</enum><header>Banking transactions</header><text>The President may prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person.</text></paragraph>
<paragraph id="H31713760B5784E21981E3FA50D8EAC3F"><enum>(8)</enum><header>Property transactions</header><text>The President may prohibit any person from—</text>
<subparagraph id="H59B9519F8B1C4D1CBA2B4D268DF9ADCB"><enum>(A)</enum><text>acquiring, holding, withholding, using, transferring, withdrawing, transporting, or exporting any property that is subject to the jurisdiction of the United States and with respect to which a sanctioned person has any interest;</text></subparagraph>
<subparagraph id="H46B3D9A474C140C99574F0D8A040D267"><enum>(B)</enum><text>dealing in or exercising any right, power, or privilege with respect to such property; or</text></subparagraph>
<subparagraph id="HB259A350EF6F44B38C9DDDECDFA056F0"><enum>(C)</enum><text>conducting any transaction involving such property.</text></subparagraph></paragraph>
<paragraph id="H00861A3207AD468D9B95C258DAD27010"><enum>(9)</enum><header>Grounds for exclusion</header><text>The Secretary of State may deny a visa to, and the Secretary of Homeland Security may deny admission into the United States to, any alien whom the Secretary of State determines is an alien who, on or after the date of the enactment of this Act, is a—</text>
<subparagraph id="H052DFB0EDD504EAABDDFFF926C65DD37"><enum>(A)</enum><text>corporate officer, principal, or shareholder with a controlling interest of a person against whom sanctions have been imposed under subsection (a) or (b);</text></subparagraph>
<subparagraph id="H6C2B1E22ABBC4F2CB27FD4DB0812D36B"><enum>(B)</enum><text>corporate officer, principal, or shareholder with a controlling interest of a successor entity to or a parent or subsidiary of such a sanctioned person;</text></subparagraph>
<subparagraph id="HBB3FF98026734DA49DD325C67A5B5488"><enum>(C)</enum><text>corporate officer, principal, or shareholder with a controlling interest of an affiliate of such a sanctioned person, if such affiliate engaged in a sanctionable activity described in subsection (a) or (b) and if such affiliate is controlled in fact by such sanctioned person; or</text></subparagraph>
<subparagraph id="H7367618BA79C44F5BB3CE11790DE315C"><enum>(D)</enum><text>spouse, minor child, or agent of a person inadmissible under subparagraph (A), (B), or (C).</text></subparagraph></paragraph>
<paragraph id="HF02D5CF9B82C432D92345326C93A0EF9"><enum>(10)</enum><header>Sanctions on principal executive officers</header><text display-inline="yes-display-inline">The President may impose on the principal executive officer or officers of any sanctioned person, or on persons performing similar functions and with similar authorities as such officer or officers, any of the sanctions under this subsection. The President shall include on the list published under section 105(d) of this Act the name of any person against whom sanctions are imposed under this paragraph.</text></paragraph>
<paragraph id="H7197905F4DCC4C558D0C3FF48F0C0E39"><enum>(11)</enum><header>Additional sanctions</header><text>The President may impose additional sanctions, as appropriate, in accordance with the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).</text></paragraph></subsection>
<subsection id="H2571B7DE57304C57B885A7C162D8622F"><enum>(b)</enum><header>Additional measure relating to government contracts</header><text display-inline="yes-display-inline"></text>
<paragraph id="H2704C8D4645349B18E297D0277F6D3FB"><enum>(1)</enum><header>Modification of federal acquisition regulation</header><text display-inline="yes-display-inline">The Federal Acquisition Regulation issued pursuant to section 1303 of title 41, United States Code, shall require a certification from each person that is a prospective contractor that such person and any person owned or controlled by the person does not engage in any activity for which sanctions may be imposed under section 105 or section 304 of this Act.</text></paragraph>
<paragraph id="HD19FBB7EB3D44CA094B3764692102806"><enum>(2)</enum><header>Remedies</header>
<subparagraph id="HF8D652825D2C42B78B45207C3E75AAC7"><enum>(A)</enum><header>In general</header><text>If the head of an executive agency determines that a person has submitted a false certification under paragraph (1) after the date on which the Federal Acquisition Regulation is revised to implement the requirements of this subsection, the head of that executive agency shall terminate a contract with such person or debar or suspend such person from eligibility for Federal contracts for a period of not less than 2 years. Any such debarment or suspension shall be subject to the procedures that apply to debarment and suspension under the Federal Acquisition Regulation under subpart 9.4 of part 9 of title 48, Code of Federal Regulations.</text></subparagraph>
<subparagraph id="HB818F4CF8D9944ADB7C9E901A70BEBC0"><enum>(B)</enum><header>Inclusion on list of parties excluded from federal procurement and nonprocurement programs</header><text>The Administrator of General Services shall include on the List of Parties Excluded from Federal Procurement and Nonprocurement Programs maintained by the Administrator under part 9 of the Federal Acquisition Regulation issued pursuant to section 1303 of title 41, United States Code, each person that is debarred, suspended, or proposed for debarment or suspension by the head of an executive agency on the basis of a determination of a false certification under subparagraph (A).</text></subparagraph></paragraph>
<paragraph id="HDA225D62824C4DFD9B1E6537DFE80F6C"><enum>(3)</enum><header>Clarification regarding certain products</header><text>The remedies specified in paragraph (2) shall not apply with respect to the procurement of eligible products, as defined in section 308(4) of the Trade Agreements Act of 1974 (19 U.S.C. 2518(4)), of any foreign country or instrumentality designated under section 301(b) of such Act (19 U.S.C. 2511(b)).</text></paragraph>
<paragraph id="HC8594A2730BD48B5A2DFE2FD768A3CF4"><enum>(4)</enum><header>Rule of construction</header><text>This subsection shall not be construed to limit the use of other remedies available to the head of an executive agency or any other official of the Federal Government on the basis of a determination of a false certification under paragraph (1).</text></paragraph>
<paragraph id="HC075CE450CA84FCFA812D59EDCD807D7"><enum>(5)</enum><header>Waiver</header><text>The President may, on a case-by-case basis, waive the requirement that a person make a certification under paragraph (1) if the President determines and certifies in writing to the appropriate congressional committees that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States.</text></paragraph>
<paragraph id="H8D734C2554EA4EB0AB3C25B0BA51E129"><enum>(6)</enum><header>Executive agency defined</header><text>In this subsection, the term <term>executive agency</term> has the meaning given such term in section 133 of title 41, United States Code.</text></paragraph>
<paragraph id="HF719C77ECC2E4F51A41380ED17560A33"><enum>(7)</enum><header>Applicability</header><text>The revisions to the Federal Acquisition Regulation required under paragraph (1) shall apply with respect to contracts for which solicitations are issued on or after the date that is 90 days after the date of the enactment of this Act.</text></paragraph></subsection></section>
<section id="H790512D0BE314180A38B86F5209BDBBC"><enum>107.</enum><header>Advisory opinions</header><text display-inline="no-display-inline">The Secretary of State may, upon the request of any person, issue an advisory opinion to such person as to whether a proposed activity by such person would subject such person to sanctions under this title. Any person who relies in good faith on such an advisory opinion which states that such proposed activity would not subject such person to such sanctions, and any such person who thereafter engages in such activity, shall not be made subject to such sanctions on account of such activity.</text></section>
<section id="HC32D73F0162B454183812EDE2F5B7034"><enum>108.</enum><header>Termination of sanctions</header>
<subsection id="H6B77764C20A54EBE9E884EFC7593E6D5"><enum>(a)</enum><header>Certification</header><text display-inline="yes-display-inline">The requirement under section 105 of this Act to impose sanctions shall no longer have force or effect with respect to Iran if the President determines and certifies to the appropriate congressional committees that Iran—</text>
<paragraph id="H416932EB5F5D45D48F0D79EACCD294AA"><enum>(1)</enum><text>has ceased and verifiably dismantled its efforts to design, develop, manufacture, or acquire—</text>
<subparagraph id="HAA062C6369B54616AFFF5FD51B45B1CA"><enum>(A)</enum><text>a nuclear explosive device or related materials and technology;</text></subparagraph>
<subparagraph id="H53AB6AA3852C4F48851EF19C285AADBB"><enum>(B)</enum><text>chemical and biological weapons; and</text></subparagraph>
<subparagraph id="H85FE0CCF86D44B9EAB3CD7D33E86E70A"><enum>(C)</enum><text>ballistic missiles and ballistic missile launch technology;</text></subparagraph></paragraph>
<paragraph id="H4A0F721770BE4E7DB989ADF0BCE0116F"><enum>(2)</enum><text>no longer provides support for acts of international terrorism; and</text></paragraph>
<paragraph id="HDC17BA4F1CB043519E4329531173D822"><enum>(3)</enum><text>poses no threat to the national security, interests, or allies of the United States.</text></paragraph></subsection>
<subsection id="HEB5E598CFDAB4FA2879EC691E06D1642"><enum>(b)</enum><header>Notification</header><text>The President shall notify the appropriate congressional committees not later than 15 days before making the certification described in subsection (a).</text></subsection></section>
<section id="HD0C9562BE89A477F9A8B6EA1D92650C8"><enum>109.</enum><header>Duration of sanctions</header>
<subsection id="HE8D429391114427797A55593F4A41F33"><enum>(a)</enum><header>Delay of sanctions</header>
<paragraph id="H7A3A385C04E140E1AF128C75637114E5"><enum>(1)</enum><header>Consultations</header><text display-inline="yes-display-inline">If the President makes a determination described in section 105 of this Act with respect to a foreign person, Congress urges the President to initiate consultations immediately with the government with primary jurisdiction over such foreign person with respect to the imposition of sanctions under such section.</text></paragraph>
<paragraph id="HFA51A21783334931BBA19F5DDC84E27F"><enum>(2)</enum><header>Actions by government of jurisdiction</header><text display-inline="yes-display-inline">In order to pursue consultations under paragraph (1) with the government concerned, the President may delay for up to 90 days the imposition of sanctions under section 105 of this Act. Following such consultations, the President shall immediately impose on the foreign person referred to in paragraph (1) such sanctions unless the President determines and certifies to Congress that the government has taken specific and effective actions, including, as appropriate, the imposition of appropriate penalties to terminate the involvement of the foreign person in the activities that resulted in the determination by the President under section 105 of this Act concerning such foreign person and the foreign person is no longer engaged in such activities.</text></paragraph></subsection>
<subsection id="HA2676E220A1E41F6871EE27F36F5E3B6"><enum>(b)</enum><header>Duration of sanctions</header><text display-inline="yes-display-inline">A sanction imposed under section 105 of this Act shall remain in effect—</text>
<paragraph id="H805FFB41631547C3B4C51A65776B33F0"><enum>(1)</enum><text>for a period of not less than 2 years beginning on the date on which such sanction is imposed; or</text></paragraph>
<paragraph id="H1D1BAF0EAE0D4D0DB4D22C14CB2D6AB7"><enum>(2)</enum><text>until such time as the President determines and certifies to Congress that the person whose activities were the basis for imposing such sanction is no longer engaging in such activities and that the President has received reliable assurances that such person will not knowingly engage in such activities in the future, except that such sanction shall remain in effect for a period of at least one year.</text></paragraph></subsection>
<subsection id="H0519F0BC4FBB45E8BC660D23F433347F"><enum>(c)</enum><header>Waiver</header>
<paragraph id="HA2A33829B3F9464080A28FD2D4318AE1"><enum>(1)</enum><header>Authorization</header>
<subparagraph id="H1A9A87FE86644B12BC0D184F7D1E7163"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">The President may waive the requirements in section 105(a) or 105(b)(2) of this Act to impose a sanction or sanctions, and may waive, on a case-by-case basis, the continued imposition of a sanction or sanctions under subsection (b) of this section, if the President determines and so reports to the appropriate congressional committees 15 days prior to the exercise of waiver authority that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States.</text></subparagraph>
<subparagraph id="HABBB359E645F4FF2B3E34B2633DFAA58"><enum>(B)</enum><header>Contents of report</header><text>Any report under subparagraph (A) shall provide a specific and detailed rationale for a determination made pursuant to such paragraph, including—</text>
<clause id="H0B0BA5E219FA4BBCBBC80AE7C3584465"><enum>(i)</enum><text display-inline="yes-display-inline">a description of the conduct that resulted in the determination under section 105(a) or section 105(b)(2) of this Act, as the case may be;</text></clause>
<clause id="HA11E63C69AE24BD78DBED3BF9A31D08C"><enum>(ii)</enum><text display-inline="yes-display-inline">in the case of a foreign person, an explanation of the efforts to secure the cooperation of the government with primary jurisdiction over such person to terminate or, as appropriate, penalize the activities that resulted in the determination under section 105(a) or 105(b)(2) of this Act, as the case may be;</text></clause>
<clause id="H6588483C77DE44F6BDA3837669B89D50"><enum>(iii)</enum><text>an estimate of the significance of the conduct of the person concerned in contributing to the ability of Iran to develop petroleum resources, produce refined petroleum products, or import refined petroleum products; and</text></clause>
<clause id="H5B22B15C266F4EFB8AAE8BD0DFA8DE98"><enum>(iv)</enum><text display-inline="yes-display-inline">a statement as to the response of the United States in the event that the person concerned engages in other activities that would be subject to a sanction or sanctions under section 105(a) or 105(b)(2) of this Act, as the case may be.</text></clause></subparagraph></paragraph>
<paragraph id="HB4C182F295884D6E931EDF2074337FD9"><enum>(2)</enum><header>Waiver with respect to persons in countries that cooperate in multilateral efforts with respect to Iran</header>
<subparagraph id="H6744F3C29B1D44E1A07CEE2080FCCDEA"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">The President may, on a case-by-case basis, waive for a period of not more than 12 months the application of section 105(a) of this Act with respect to a person if the President, at least 30 days before the waiver is to take effect—</text>
<clause id="H57706A484AB34265897F83E0510FCF2D"><enum>(i)</enum><text>certifies to the appropriate congressional committees that—</text>
<subclause id="H3EDEBEC21718402F82087159CA7254B7"><enum>(I)</enum><text>the government with primary jurisdiction over the person is closely cooperating with the United States in multilateral efforts to prevent Iran from—</text>
<item id="H1E53AEDA77F845F2824857EF43D56749"><enum>(aa)</enum><text>acquiring or developing chemical, biological, or nuclear weapons or related technologies; or</text></item>
<item id="H26C6EB4475134D3A902C33E4F5D1A472"><enum>(bb)</enum><text>acquiring or developing destabilizing numbers and types of advanced conventional weapons; and</text></item></subclause>
<subclause id="HBB516B4D5B944D40B38AEC6CDBC2F60F"><enum>(II)</enum><text>such a waiver is vital to the national security interests of the United States; and</text></subclause></clause>
<clause id="H79459CC706EC4FDCA24111ECDA9DCDC9"><enum>(ii)</enum><text>submits to the appropriate congressional committees a report identifying—</text>
<subclause id="H50F8650F44734F55B82494674E5EC407"><enum>(I)</enum><text>the person with respect to which the President waives the application of sanctions; and</text></subclause>
<subclause id="HB2C620C5F39A453CB4EEA17653699A58"><enum>(II)</enum><text>the actions taken by the government described in clause (i)(I) to cooperate in multilateral efforts described in that clause.</text></subclause></clause></subparagraph>
<subparagraph id="HB86AD40CE9A341F2BCF20E1A9E5E64A2"><enum>(B)</enum><header>Subsequent renewal of waiver</header><text>At the conclusion of the period of a waiver under subparagraph (A), the President may renew the waiver—</text>
<clause id="HEF2483CDA39D490FA612B5D1ED71669E"><enum>(i)</enum><text>if the President determines, in accordance with subparagraph (A), that the waiver is appropriate; and</text></clause>
<clause id="H20BFE7A1EE854228B4E954021C3A0D61"><enum>(ii)</enum><text>for subsequent periods of not more than 12 months each.</text></clause></subparagraph></paragraph>
<paragraph id="HF3C026AE65494D93AE549E3EB328287E" display-inline="no-display-inline"><enum>(3)</enum><header>Publication in the Federal Register</header><text display-inline="yes-display-inline">Not later than 15 days after any waiver authority is exercised pursuant to paragraph (1) or (2) of this subsection, the name of the person or entity with respect to which sanctions are being waived shall be published in the Federal Register. </text></paragraph></subsection></section>
<section id="H804EE710410441F58683A3911A243632"><enum>110.</enum><header>Reports required</header>
<subsection id="H35262C56B8AB4852A5F218549E0CA1EA"><enum>(a)</enum><header>Report on certain international initiatives</header><text>Not later than 180 days after the date of the enactment of this Act and every 180 days thereafter, the President shall transmit to the appropriate congressional committees a report describing—</text>
<paragraph id="H8A1ACD572C7B46188769ADF347AAB290"><enum>(1)</enum><text>the efforts of the President to mount a multilateral campaign to persuade all countries to pressure Iran to cease its nuclear, chemical, biological, and missile weapons programs and its support of acts of international terrorism;</text></paragraph>
<paragraph id="H7509C51BDF624D9A8B18F31B3AD898D6"><enum>(2)</enum><text>the efforts of the President to persuade other governments to ask Iran to reduce in the countries of such governments the presence of Iranian diplomats and representatives of other government and military or quasi-governmental institutions of Iran, and to withdraw any such diplomats or representatives who participated in the takeover of the United States Embassy in Tehran, Iran, on November 4, 1979, or the subsequent holding of United States hostages for 444 days;</text></paragraph>
<paragraph id="HE805F4372ABA4AB99AE0D55146F1C9DD"><enum>(3)</enum><text>the extent to which the International Atomic Energy Agency has established regular inspections of all nuclear facilities in Iran, including those facilities presently under construction; and</text></paragraph>
<paragraph id="HEF5D6C848B324DEDAA21D6639E78ECD2"><enum>(4)</enum><text>Iran’s use of Iranian diplomats and representatives of other government and military or quasi-governmental institutions of Iran to promote acts of international terrorism or to develop or sustain Iran’s nuclear, chemical, biological, or missile weapons programs.</text></paragraph></subsection>
<subsection id="H30132DC190D84821B74187AB444F7C05"><enum>(b)</enum><header>Report on effectiveness of actions under this act</header><text>Not later than 180 days after the date of the enactment of this Act and annually thereafter, the President shall transmit to Congress a report that describes—</text>
<paragraph id="HC8240093C2D646918B3A4136DB27E831"><enum>(1)</enum><text>the extent to which actions relating to trade taken pursuant to this title have—</text>
<subparagraph id="HB28BB0A3D5FB47F19A9A410874E03E30"><enum>(A)</enum><text display-inline="yes-display-inline">been effective in achieving the policy objective described in section 103 of this Act and any other foreign policy or national security objectives of the United States with respect to Iran; and</text></subparagraph>
<subparagraph id="H469FFE23BC5C4090989EDEC5183C9592"><enum>(B)</enum><text>affected humanitarian interests in Iran, the country in which a sanctioned person is located, or in other countries; and</text></subparagraph></paragraph>
<paragraph id="H7B2E42CD411E461A81A0F4F611E361C7"><enum>(2)</enum><text>the impact of actions relating to trade taken pursuant to this title on other national security, economic, and foreign policy interests of the United States, including relations with countries friendly to the United States, and on the United States economy.</text></paragraph><continuation-text continuation-text-level="subsection">The President may include in such reports the President’s recommendation on whether or not this Act should be terminated or modified.</continuation-text></subsection>
<subsection id="H5A714614F57F4990B7671307CAE57305"><enum>(c)</enum><header>Other reports</header><text>The President shall ensure the continued transmittal to Congress of reports describing—</text>
<paragraph id="HE72467D3D2BE449AA3201B87D9CDB6B4"><enum>(1)</enum><text>the nuclear and other military capabilities of Iran, as required under section 601(a) of the Nuclear Non-Proliferation Act of 1978 and section 1607 of the National Defense Authorization Act for Fiscal Year 1993; and</text></paragraph>
<paragraph id="HFA0BA4F57230419A89373CDFAE1CA374"><enum>(2)</enum><text>the support provided by Iran for acts of international terrorism, as part of the Department of State’s annual reports on international terrorism.</text></paragraph></subsection>
<subsection id="HEB40490E5F4949FABAAF60B2BD0E6553"><enum>(d)</enum><header>Reports on global trade relating to iran</header><text>Not later than 180 days after the date of the enactment of the this Act and annually thereafter, the President shall transmit to the appropriate congressional committees a report, with respect to the most recent 12-month period for which data are available, on the dollar value amount of trade, including in the energy sector, between Iran and each country maintaining membership in the Group of 20 Finance Ministers and Central Bank Governors.</text></subsection></section>
<section id="H752A58830F624800A9E78AC6F6C98E97"><enum>111.</enum><header>Determinations not reviewable</header><text display-inline="no-display-inline">A determination to impose sanctions under this title shall not be reviewable in any court.</text></section>
<section id="H08514E578F5D46E3B943CA2649B71146"><enum>112.</enum><header>Definitions</header><text display-inline="no-display-inline">In this title:</text>
<paragraph id="H34EE840C4EAD4B85848AC412CBD17455"><enum>(1)</enum><header>Act of international terrorism</header><text>The term <term>act of international terrorism</term> has the meaning given such term in section 2331 of title 18, United States Code.</text></paragraph>
<paragraph id="H57C31DF144544ACBA9C883A33054F6F7"><enum>(2)</enum><header>Appropriate congressional committees</header><text>The term <term>appropriate congressional committees</term> means—</text>
<subparagraph id="HC91B7D07CEA2435A9A5E10D8EC2795B0"><enum>(A)</enum><text>the Committee on Ways and Means, the Committee on Banking and Financial Services, the Committee on Financial Services, and the Committee on Foreign Affairs of the House of Representatives; and</text></subparagraph>
<subparagraph id="HC1F0081BE498479BBBAD4517DB514EE3"><enum>(B)</enum><text>the Committee on Finance, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Foreign Relations of the Senate.</text></subparagraph></paragraph>
<paragraph id="H8E84CFCB75064EFE9F1E5D1C7F6618C7"><enum>(3)</enum><header>Component part</header><text>The term <term>component part</term> has the meaning given such term in section 11A(e)(1) of the Export Administration Act of 1979 (50 U.S.C. App. 2410a(e)(1)).</text></paragraph>
<paragraph id="H60A6A32DCAAE4D4EB729A86EBCEA45EE"><enum>(4)</enum><header>Credible information</header><text display-inline="yes-display-inline">The term <term>credible information</term> means, with respect to a person, such person’s public announcement of an investment described in section 105 of this Act, Iranian governmental announcements of such an investment, reports to stockholders, annual reports, industry reports, Government Accountability Office products, State and local government reports, and trade publications.</text></paragraph>
<paragraph id="HE79F5DFF2ABB4A99993AEDD6D5C9CB5C"><enum>(5)</enum><header>Develop and development</header><text>The terms <term>develop</term> and <term>development</term> mean the exploration for, or the extraction, refining, or transportation by pipeline of, petroleum resources.</text></paragraph>
<paragraph id="HBFB327E5DEEC4763A64AFB7A1B3DF6DB"><enum>(6)</enum><header>Financial institution</header><text>The term <term>financial institution</term> includes—</text>
<subparagraph id="HEEACCECBC2F04986BBAFA69DCF5ABD52"><enum>(A)</enum><text>a depository institution (as defined in section 3(c)(1) of the Federal Deposit Insurance Act), including a branch or agency of a foreign bank (as defined in section 1(b)(7) of the International Banking Act of 1978);</text></subparagraph>
<subparagraph id="H45E6779E354B41A59033311F9397BF9D"><enum>(B)</enum><text>a credit union;</text></subparagraph>
<subparagraph id="H26FF95E1B94C4DC28AFA9ACE0C6C09E0"><enum>(C)</enum><text>a securities firm, including a broker or dealer;</text></subparagraph>
<subparagraph id="H2FBB746B29AD43A7A537CC4F9E100267"><enum>(D)</enum><text>an insurance company, including an agency or underwriter; and</text></subparagraph>
<subparagraph id="H5C03870CBBE34B20BB95BF77C5149BF7"><enum>(E)</enum><text>any other company that provides financial services including joint ventures with Iranian entities both inside and outside of Iran and partnerships or investments with Iranian government-controlled entities or affiliated entities.</text></subparagraph></paragraph>
<paragraph id="HE07593F6A9CC426292B9449F87629E7C"><enum>(7)</enum><header>Finished product</header><text>The term <term>finished product</term> has the meaning given such term in section 11A(e)(2) of the Export Administration Act of 1979 (50 U.S.C. App. 2410a(e)(2)).</text></paragraph>
<paragraph id="H1C005F6D00384ABCB956038BF0543C7D"><enum>(8)</enum><header>Foreign person</header><text>The term <term>foreign person</term> means—</text>
<subparagraph id="H2451A5E8FB9D499DA1AB9796938A3626"><enum>(A)</enum><text>an individual who is not a United States person or an alien lawfully admitted for permanent residence into the United States; or</text></subparagraph>
<subparagraph id="H17DF1E0694204E85B2785A8F46FF36CE"><enum>(B)</enum><text>a corporation, partnership, joint venture, cooperative venture, or other nongovernmental entity which is not a United States person.</text></subparagraph></paragraph>
<paragraph id="H0106165E9042450DA005412ECCB29AEB"><enum>(9)</enum><header>Foreign terrorist organization</header><text>The term <term>foreign terrorist organization</term> means an organization designated by the Secretary of State as a foreign terrorist organization in accordance with section 219(a) of the Immigration and Nationality Act (8 U.S.C. 1189(a)).</text></paragraph>
<paragraph id="HEFD76802012441F49B0F012999F033A9"><enum>(10)</enum><header>Goods and technology</header><text>The terms <term>goods</term> and <term>technology</term> have the meanings given such terms in section 16 of the Export Administration Act of 1979 (50 U.S.C. App. 2415).</text></paragraph>
<paragraph id="H42A05A7143D7406C9D6CCE90749AB4C7"><enum>(11)</enum><header>Investment</header><text>The term <term>investment</term> means any of the following activities if any of such activities is undertaken pursuant to an agreement, or pursuant to the exercise of rights under such an agreement, that is entered into with the Government of Iran or a nongovernmental entity in Iran, on or after the date of the enactment of this Act: </text>
<subparagraph id="H3B3343372B8549DEA08E5E2534AAA003"><enum>(A)</enum><text>The entry into a contract that includes responsibility for the development of petroleum resources located in Iran, or the entry into a contract providing for the general supervision and guarantee of another person’s performance of such a contract.</text></subparagraph>
<subparagraph id="HC5F42AD6E57D417AA01C862A1782F5A8"><enum>(B)</enum><text>The purchase of a share of ownership, including an equity interest, in the development described in subparagraph (A).</text></subparagraph>
<subparagraph id="H974307EC3D9B419DA2730373EC6DC149"><enum>(C)</enum><text>The entry into a contract providing for the participation in royalties, earnings, or profits in the development described in subparagraph (A), without regard to the form of such participation.</text></subparagraph>
<subparagraph id="H240AFBEFAEB44CCDA3D54C31BF86E44A"><enum>(D)</enum><text>The provision of goods, services, or technology related to petroleum resources.</text></subparagraph></paragraph>
<paragraph id="H65966CCB59CD4BD2AABE72E7651BB8D8"><enum>(12)</enum><header>Iran</header><text>The term <term>Iran</term> includes any agency or instrumentality of Iran.</text></paragraph>
<paragraph id="H2DCCDF487E9F4FA3B1B054DC3A4FD555"><enum>(13)</enum><header>Iranian diplomats and representatives of other government and military or quasi-governmental institutions of iran</header><text>The term <term>Iranian diplomats and representatives of other government and military or quasi-governmental institutions of Iran</term> includes employees, representatives, or affiliates of Iran’s—</text>
<subparagraph id="H242B70861EBF4CF2A01746293048B179"><enum>(A)</enum><text>Foreign Ministry;</text></subparagraph>
<subparagraph id="H374446864E294647A70BA34A05081883"><enum>(B)</enum><text>Ministry of Intelligence and Security;</text></subparagraph>
<subparagraph id="H9429FBCE184E42C6B968AFB0A227E065"><enum>(C)</enum><text>Revolutionary Guard Corps and affiliated entities;</text></subparagraph>
<subparagraph id="HC8BCF856DF21439C9631487A52629E86"><enum>(D)</enum><text>Crusade for Reconstruction;</text></subparagraph>
<subparagraph id="H9A3B2A78FA0B4BA991F7BA6316585AEC"><enum>(E)</enum><text>Qods (Jerusalem) Forces;</text></subparagraph>
<subparagraph id="HD33B2F09E79E44C08C87A30BEE35DDD7"><enum>(F)</enum><text>Interior Ministry;</text></subparagraph>
<subparagraph id="HC78BB1BD576B4AA89722A45441B5AAE4"><enum>(G)</enum><text>Foundation for the Oppressed and Disabled;</text></subparagraph>
<subparagraph id="H088DEC9ED64D4447A87BB2E0ADB4206A"><enum>(H)</enum><text>Prophet’s Foundation;</text></subparagraph>
<subparagraph id="HCF54585F5A6447B2B1D5C3766701B409"><enum>(I)</enum><text>June 5th Foundation;</text></subparagraph>
<subparagraph id="H4DA426FBE1D34DD09052B16669E2CA88"><enum>(J)</enum><text>Martyr’s Foundation;</text></subparagraph>
<subparagraph id="H3FA0FABD739E4787BFE70C26C959EF48"><enum>(K)</enum><text>Islamic Propagation Organization; and</text></subparagraph>
<subparagraph id="HB729B51BBF6E4A6F8BF430EC5159D875"><enum>(L)</enum><text>Ministry of Islamic Guidance.</text></subparagraph></paragraph>
<paragraph id="H577BA56BC320419F8824C3A86C22D6D9"><enum>(14)</enum><header>Knowingly</header><text>The term <term>knowingly</term>, with respect to conduct, a circumstance, or a result means that a person has actual knowledge, or should have known, of the conduct, the circumstance, or the result of such conduct, circumstance, or result. </text></paragraph>
<paragraph id="HEA1F960973DA47B9AAD80EF553D53454"><enum>(15)</enum><header>Nuclear explosive device</header><text>The term <term>nuclear explosive device</term> means any device, whether assembled or disassembled, that is designed to produce an instantaneous release of an amount of nuclear energy from special nuclear material (as defined in section 11(aa) of the Atomic Energy Act of 1954 (42 U.S.C. 2014(aa))) that is greater than the amount of energy that would be released from the detonation of one pound of trinitrotoluene (TNT).</text></paragraph>
<paragraph id="HFCD2F8C447374B2A9B9D979503A10E50"><enum>(16)</enum><header>Person</header>
<subparagraph id="H7FC13C9B561343EBA0637C742F6FBE2A"><enum>(A)</enum><header>In general</header><text>The term <term>person</term> means—</text>
<clause id="HF858478EF5EC487D8602DAE0BE2503E7"><enum>(i)</enum><text>a natural person;</text></clause>
<clause id="H814D01D2642140079BE79B136138B3E4"><enum>(ii)</enum><text>a corporation, business association, partnership, society, trust, financial institution, insurer, underwriter, guarantor, or any other business organization, any other nongovernmental entity, organization, or group, and any governmental entity operating as a business enterprise; and</text></clause>
<clause id="HA9CFB328F237495CAA4B2BDDF63E239D"><enum>(iii)</enum><text>any successor to any entity described in clause (ii).</text></clause></subparagraph>
<subparagraph id="HE93277F20C5044DE9E4A48B4E61A709F"><enum>(B)</enum><header>Exclusion</header><text>The term <term>person</term> does not include a government or governmental entity that is not operating as a business enterprise.</text></subparagraph></paragraph>
<paragraph id="H08E362349DBD4288A9423C2E91E4E8CB"><enum>(17)</enum><header>Petroleum resources</header><text>The term <term>petroleum resources</term> includes petroleum and natural gas resources, refined petroleum products, oil or liquefied natural gas, oil or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or liquefied natural gas.</text></paragraph>
<paragraph id="H4D22AAEFFDE14F2395D014F4D28E5A86"><enum>(18)</enum><header>Refined petroleum products</header><text>The term <term>refined petroleum products</term> means diesel, gasoline, jet fuel (including naphtha-type and kerosene-type jet fuel), and aviation gasoline.</text></paragraph>
<paragraph id="HC2C083E6D834461595D82BC0FDB82700"><enum>(19)</enum><header>United states or state</header><text>The terms <term>United States</term> and <term>State</term> mean the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States.</text></paragraph>
<paragraph id="H0CA351730DDF429F8D303723478D5962"><enum>(20)</enum><header>United states person</header><text>The term <term>United States person</term> means—</text>
<subparagraph id="H747655667759412D8CA32800BE7FF062"><enum>(A)</enum><text>a natural person who is a citizen of the United States or who owes permanent allegiance to the United States; and</text></subparagraph>
<subparagraph id="H4DEAB0C49F214938A675B9CDCD31ECAE"><enum>(B)</enum><text>a corporation or other legal entity that is organized under the laws of the United States or any State if a natural person described in subparagraph (A) owns more than 50 percent of the outstanding capital stock or other beneficial interest in such corporation or legal entity.</text></subparagraph></paragraph></section>
<section id="HDA543F30B7754991BF09E0AC1573E3E7"><enum>113.</enum><header>Effective date</header><text display-inline="no-display-inline">This title shall take effect on the date of the enactment of this Act and shall apply with respect to an investment or activity described in subsection (a) or (b) of section 105 of this Act that is commenced on or after such date of enactment.</text></section>
<section id="H09159E684F6C4396B0290663CF60744E"><enum>114.</enum><header>Repeal</header>
<subsection id="H0A77BBF50CED497FBE1E50E699B00AB6"><enum>(a)</enum><header>In general</header><text>The Iran Sanctions Act of 1996 (50 U.S.C. 1701 note) is repealed.</text></subsection>
<subsection id="H5DA4F062576A42F7942B59AAEF3F9371"><enum>(b)</enum><header>Conforming amendments</header><text>The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8501 et seq.) is amended—</text>
<paragraph id="H1ED28832BCCD472AAF78F9251732F74C"><enum>(1)</enum><text>in section 103(b)(3)(E), by striking <quote>section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note)</quote> and inserting <quote>section 112 of the Iran Threat Reduction Act of 2011</quote>;</text></paragraph>
<paragraph id="H51C6E389F71A4228AC468EEF5D0D28CE"><enum>(2)</enum><text>in section 111(a)(1), by striking <quote>section 5 of the Iran Sanctions Act of 1996, as amended by section 102 of this Act</quote> and inserting <quote>section 105 of the Iran Threat Reduction Act of 2011</quote>;</text></paragraph>
<paragraph id="H19FE9FC3E3744C6E9CC91F22F1746893"><enum>(3)</enum><text>in section 112(3), by striking <quote>Iran Sanctions Act of 1996, as amended by section 102 of this Act,</quote> and inserting <quote>Iran Threat Reduction Act of 2011</quote>; and</text></paragraph>
<paragraph id="H10614D31D96746F18BF2CC62856EDA93"><enum>(4)</enum><text display-inline="yes-display-inline">in section 201(2), by striking <quote>section 14 of the Iran Sanctions Act of 1996 (Public Law 104–172; 50 U.S.C. 1701 note)</quote> and inserting <quote>section 112 of the Iran Threat Reduction Act of 2011</quote>.</text></paragraph></subsection>
<subsection id="HD18604004EE24B1EBCCB972E65966B75"><enum>(c)</enum><header>References</header><text>Any reference in a law, regulation, document, or other record of the United States to the Iran Sanctions Act of 1996 shall be deemed to be a reference to this title.</text></subsection>
<subsection id="HA433EFB0F6204AD58FFAC1C48E1E4475"><enum>(d)</enum><header>Federal acquisition regulation</header><text>Notwithstanding the repeal made by subsection (a), the modification to the Federal Acquisition Regulation made pursuant to section 6(b)(1) of the Iran Sanctions Act of 1996 shall continue in effect until the modification to such Regulation that is made pursuant to section 106(b)(1) of this Act takes effect.</text></subsection></section>
<enum>II</enum><header>Iran freedom support</header>
<section id="H2AA3BE8458DE426BB9255A93AC307C3E"><enum>201.</enum><header>Codification of sanctions</header><text display-inline="no-display-inline">United States sanctions with respect to Iran imposed pursuant to—</text>
<paragraph id="HFF7287F8AEE4477D87C718423C00CB62"><enum>(1)</enum><text>sections 1 and 3 of Executive Order No. 12957;</text></paragraph>
<paragraph id="H6BB979C0DE6641EEAEB6C969E8F05770"><enum>(2)</enum><text>sections 1(e), 1(g), and 3 of Executive Order No. 12959;</text></paragraph>
<paragraph id="H5548EADD7A3543818A78F92E9F7DE56F"><enum>(3)</enum><text>sections 2, 3, and 5 of Executive Order No. 13059;</text></paragraph>
<paragraph id="H132C69313143452DAE4229716FCE180D"><enum>(4)</enum><text>sections 1, 5, 6, 7, and 8 of Executive Order No. 13553; or </text></paragraph>
<paragraph id="HC5302C7908574EC9B78D2CF6076BF6A2"><enum>(5)</enum><text>sections 1, 2, and 5 of Executive Order No. 13574, </text></paragraph><continuation-text continuation-text-level="subsection">as in effect on September 1, 2011, shall remain in effect until the President certifies to the appropriate congressional committees, at least 90 days before the removal of such sanctions, that the Government of Iran has verifiably dismantled its nuclear weapons program, its biological and chemical weapons programs, its ballistic missile development programs, and ceased its support for international terrorism.</continuation-text></section>
<section id="HFE67A1DD2BEE42079A86E588B1DAF862"><enum>202.</enum><header>Liability of parent companies for violations of sanctions by foreign subsidiaries</header>
<subsection id="H0177935EB39C4919A6651708B16315FC"><enum>(a)</enum><header>Definitions</header><text>In this section:</text>
<paragraph id="HD2E84A3C39A742DD99C3A963A99570A2"><enum>(1)</enum><header>Entity</header><text>The term <quote>entity</quote> means a partnership, association, trust, joint venture, corporation, or other organization.</text></paragraph>
<paragraph id="H155CD0C38A6D4D1B8BD923218AFE1A11"><enum>(2)</enum><header>Own or control</header><text>The term <quote>own or control</quote> means, with respect to an entity—</text>
<subparagraph id="H0A308567DDE9436EBD4D59518F738081"><enum>(A)</enum><text>to hold more than 50 percent of the equity interest by vote or value in the entity;</text></subparagraph>
<subparagraph id="H60DD7E47414B4EFAB86C08F236B3A916"><enum>(B)</enum><text>to hold a majority of seats on the board of directors of the entity; or</text></subparagraph>
<subparagraph id="HCE957E48E43E4DF8BE429BCC43B4A53C"><enum>(C)</enum><text>to otherwise control the actions, policies, or personnel decisions of the entity.</text></subparagraph></paragraph>
<paragraph id="H32CA5DCB90CF426AA6FC96E2D87B54E5"><enum>(3)</enum><header>Subsidiary</header><text>The term <quote>subsidiary</quote> means an entity that is owned or controlled by a United States person.</text></paragraph>
<paragraph id="H54DB982FD12C4B0FA6A43819191314CD"><enum>(4)</enum><header>United states person</header><text>The term <quote>United States person</quote> means—</text>
<subparagraph id="HB82EA63424684F48BF6359CA7C179EFA"><enum>(A)</enum><text>a natural person who is a citizen, resident, or national of the United States; and</text></subparagraph>
<subparagraph id="H934F8179E6694AA19931864CF852B687"><enum>(B)</enum><text>an entity that is organized under the laws of the United States, any State or territory thereof, or the District of Columbia, if natural persons described in subparagraph (A) own or control the entity.</text></subparagraph></paragraph></subsection>
<subsection id="H4974DCD208324ECCAD39A22B159BFDE4"><enum>(b)</enum><header>In general</header><text display-inline="yes-display-inline">A United States person shall be subject to a penalty for a violation of the provisions of Executive Order No. 12959 (50 U.S.C. 1701 note) or Executive Order No. 13059 (50 U.S.C. 1701 note), or any other prohibition on transactions with respect to Iran imposed under the authority of the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), if the President determines that a subsidiary of the United States person that is established or maintained outside the United States engages in an act that, if committed in the United States or by a United States person, would violate such provisions.</text></subsection>
<subsection id="H403B3C96DC8D468EAC33050B4D9D0519"><enum>(c)</enum><header>Effective date</header>
<paragraph id="H99C0360EC38D467E9169C80A19C87367"><enum>(1)</enum><header>In general</header><text>Subsection (b) shall take effect on the date of the enactment of this Act and apply with respect to acts described in subsection (b)(2) that are—</text>
<subparagraph id="H04DB290BDAE548ED94276C4F559B1FD7"><enum>(A)</enum><text>commenced on or after the date of the enactment of this Act; or</text></subparagraph>
<subparagraph id="HED88F18EADCE45E7B69195B676A795AD"><enum>(B)</enum><text>except as provided in paragraph (2), commenced before such date of enactment, if such acts continue on or after such date of enactment.</text></subparagraph></paragraph>
<paragraph id="H3ABEC61061794D06AE136B3FF79C1147"><enum>(2)</enum><header>Exception</header><text>Subsection (b) shall not apply with respect to an act described in paragraph (1)(B) by a subsidiary owned or controlled by a United States person if the United States person divests or terminates its business with the subsidiary not later than 90 days after the date of the enactment of this Act.</text></paragraph></subsection></section>
<section id="H3B8E3FE23F354B4DA6525A487C03555B"><enum>203.</enum><header>Declaration of Congress regarding United States policy toward Iran</header><text display-inline="no-display-inline">It shall be the policy of the United States to support those individuals in Iran seeking a free, democratic government that respects the rule of law and protects the rights of all citizens.</text></section>
<section id="HDDF37152D8354C67B72233A3B7404003"><enum>204.</enum><header>Assistance to support democracy in Iran</header>
<subsection id="HD701B128E1774282B4082D85A77453F3"><enum>(a)</enum><header>Assistance authorized</header><text>The President is authorized to provide financial and political assistance (including the award of grants) to foreign and domestic individuals, organizations, and entities that support democracy and the promotion of democracy in Iran. Such assistance may include the award of grants to eligible independent prodemocracy broadcasting organizations and new media that broadcast into Iran.</text></subsection>
<subsection id="HDD5298F14FAD4EF6A998FFC3786247E9"><enum>(b)</enum><header>Eligibility for assistance</header><text>Financial and political assistance authorized under this section shall be provided only to an individual, organization, or entity that—</text>
<paragraph id="H3C5B6DE6F4E648CD94A5AA5F00B97F16"><enum>(1)</enum><text>officially opposes the use of violence and terrorism and has not been designated as a foreign terrorist organization under section 219(a) of the Immigration and Nationality Act (8 U.S.C. 1189(a)) at any time during the preceding 4 years;</text></paragraph>
<paragraph id="H0A31AA8AB4A74801B62D942930DCEEBE"><enum>(2)</enum><text>advocates the adherence by Iran to nonproliferation regimes for nuclear, chemical, and biological weapons and materiel;</text></paragraph>
<paragraph id="HA9418EE9291842949A1133E38B118BA0"><enum>(3)</enum><text>is dedicated to democratic values and supports the adoption of a democratic form of Government in Iran;</text></paragraph>
<paragraph id="HB43D86A8F34F43B2A064F2A024ECE309"><enum>(4)</enum><text>is dedicated to respect for human rights, including the fundamental equality of women;</text></paragraph>
<paragraph id="H841645181747420FB01C22B276F8BE97"><enum>(5)</enum><text>works to establish equality of opportunity for all people; and</text></paragraph>
<paragraph id="H529FEC6CE3334088AAC4A049224DE293"><enum>(6)</enum><text>supports freedom of the press, freedom of speech, freedom of association, and freedom of religion.</text></paragraph></subsection>
<subsection id="HA261D228022F4441AB6A6501AD1FCF58"><enum>(c)</enum><header>Funding</header><text>Financial and political assistance authorized under this section may only be provided using funds available to the Middle East Partnership Initiative (MEPI), the Broader Middle East and North Africa Initiative, the Human Rights and Democracy Fund, and the Near East Regional Democracy Fund.</text></subsection>
<subsection id="HA39D303D352449028CD32BC3CAD412E8"><enum>(d)</enum><header>Notification</header><text>Not later than 15 days before each obligation of assistance under this section, and in accordance with the procedures under section 634A of the Foreign Assistance Act of 1961 (22 U.S.C. 2394–l), the President shall notify the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives and the Committee on Foreign Relations and the Committee on Appropriations of the Senate of such obligation of assistance. Such notification shall include, as practicable, a description of the types of programs supported by such assistance and an identification of the recipients of such assistance.</text></subsection>
<subsection id="H38EEB1A9E8BE402292326D9C3C2F714D"><enum>(e)</enum><header>Sense of congress regarding diplomatic assistance</header><text>It is the sense of Congress that—</text>
<paragraph id="H53A80E1583DD489EBDD7C4255A220A0D"><enum>(1)</enum><text>contacts should be expanded with opposition groups in Iran that meet the criteria for eligibility for assistance under subsection (b);</text></paragraph>
<paragraph id="HA2C12F62FAD648E38C8DF5E132FA3132"><enum>(2)</enum><text>support for those individuals seeking democracy in Iran should be expressed by United States representatives and officials in all appropriate international fora; and</text></paragraph>
<paragraph id="HD247FE506F0A45B792CF5C8502543295"><enum>(3)</enum><text>officials and representatives of the United States should—</text>
<subparagraph id="HFDDB69305E0A4ABAA0F2FC1F856DB35D"><enum>(A)</enum><text>strongly and unequivocally support indigenous efforts in Iran calling for free, transparent, and democratic elections; and</text></subparagraph>
<subparagraph id="H25F1BDE3C48244819BCAE8FAEA768B71"><enum>(B)</enum><text>draw international attention to violations by the Government of Iran of human rights, freedom of religion, freedom of assembly, and freedom of the press.</text></subparagraph></paragraph></subsection></section>
<section id="H1B35BB18A84446C09C11428E2EE30997"><enum>205.</enum><header>Imposition of sanctions on certain persons who are responsible for or complicit in human rights abuses committed against citizens of Iran or their family members after the June 12, 2009, elections in Iran</header>
<subsection id="HDB6EFEF47E10479396AC384F06C4DC3E"><enum>(a)</enum><header>List of persons who are responsible for or complicit in certain human rights abuses; sanctions on such persons</header>
<paragraph id="H9C1DC3E39CC24B43BE6635B2469FED74"><enum>(1)</enum><header>In general</header><text>Not later than 90 days after the date of the enactment of this Act, the President shall transmit to the appropriate congressional committees a list of all persons who are senior officials of the Government of Iran, including the Supreme Leader, the President, Members of the Cabinet, Members of the Assembly of Experts, Members of the Ministry of Intelligence Services, or any Member of the Iranian Revolutionary Guard Corps with the rank of brigadier general and above, including members of paramilitary organizations such as Ansar-e-Hezbollah and Basij-e Mostaz’afin.</text></paragraph>
<paragraph id="H638C7827C7BA4A72AC5227893B62334F"><enum>(2)</enum><header>Certification</header><text>The President shall impose on the persons specified in the list under paragraph (1) the sanctions described in subsection (b). The President shall exempt any such person from such imposition if the President determines and certifies to the appropriate congressional committees that such person, based on credible evidence, is not responsible for or complicit in, or responsible for ordering, controlling, or otherwise directing, the commission of serious human rights abuses against citizens of Iran or their family members on or after June 12, 2009, regardless of whether such abuses occurred in Iran.</text></paragraph>
<paragraph id="H6BBBA31808C745D1A039BA73F4297184"><enum>(3)</enum><header>Updates of list</header><text>The President shall transmit to the appropriate congressional committees an updated list under paragraph (1)—</text>
<subparagraph id="H4AE7CC98BB5D43ED90A5CE2B4CB393FA"><enum>(A)</enum><text>not later than every 60 days beginning after the date of the initial transmittal under such paragraph; and</text></subparagraph>
<subparagraph id="HE8D4F28422494119BAD3722D4381F89D"><enum>(B)</enum><text>as new information becomes available.</text></subparagraph></paragraph>
<paragraph id="HE54C93E872A74BFB9D185F8BD850A3F7"><enum>(4)</enum><header>Form of report; public availability</header>
<subparagraph id="H4A80E773E71D4312BDB1F67072DEBA1E"><enum>(A)</enum><header>Form</header><text>The list required under paragraph (1) shall be submitted in unclassified form but may contain a classified annex.</text></subparagraph>
<subparagraph id="H7C5F5197F4B4405A90FF159FC466E6F6"><enum>(B)</enum><header>Public availability</header><text>The unclassified portion of the list required under paragraph (1) shall be made available to the public and posted on the Web sites of the Department of the Treasury and the Department of State.</text></subparagraph></paragraph>
<paragraph id="HCF243C28EFFF449F9538333FD0A93D27"><enum>(5)</enum><header>Consideration of data from other countries and nongovernmental organizations</header><text>In preparing the list required under paragraph (1), the President shall consider credible data already obtained by other countries and nongovernmental organizations, including organizations in Iran, that monitor the human rights abuses of the Government of Iran.</text></paragraph></subsection>
<subsection id="HEE5F5781B34A41A1A1651CF1E8B0C472" commented="no"><enum>(b)</enum><header>Sanctions described</header><text display-inline="yes-display-inline">The sanctions described in this subsection are ineligibility for a visa to enter the United States and sanctions described in section 106 of this Act, subject to such regulations as the President may prescribe, including regulatory exceptions to permit the United States to comply with the Agreement between the United Nations and the United States of America regarding the Headquarters of the United Nations, signed June 26, 1947, and entered into force November 21, 1947, and other applicable international obligations</text></subsection>
<subsection id="H00AF704A4A7741EF94463393437601F8"><enum>(c)</enum><header>Termination of sanctions</header><text>The provisions of this section shall terminate on the date on which the President determines and certifies to the appropriate congressional committees that the Government of Iran—</text>
<paragraph id="HED60D076147B4A4E820067E8057E3829"><enum>(1)</enum><text>has unconditionally released all political prisoners, including the citizens of Iran detained in the aftermath of the June 12, 2009, presidential election in Iran;</text></paragraph>
<paragraph id="H0DC7A8BE3DAB499A9E1536025D18D2EC"><enum>(2)</enum><text>has ceased its practices of violence, unlawful detention, torture, and abuse of citizens of Iran while engaging in peaceful political activity;</text></paragraph>
<paragraph id="HFD11651D09EF47C6BBAEA31C090125FB"><enum>(3)</enum><text>has conducted a transparent investigation into the killings, arrests, and abuse of peaceful political activists that occurred in the aftermath of the June 12, 2009, presidential election in Iran and prosecuted the individuals responsible for such killings, arrests, and abuse; and</text></paragraph>
<paragraph id="H800DDE84600045448C7566A23E7E3701" commented="no"><enum>(4)</enum><text>has—</text>
<subparagraph id="H4561D1118F2A428883464CA4F1719314" commented="no"><enum>(A)</enum><text>established an independent judiciary; and</text></subparagraph>
<subparagraph id="HBB9C9B6E667C42B1BD208EAC1531E883" commented="no"><enum>(B)</enum><text>is respecting the human rights and basic freedoms recognized in the Universal Declaration of Human Rights.</text></subparagraph></paragraph></subsection></section>
<section id="H50A6F431FF1B4ADD828A60B757167BC8"><enum>206.</enum><header>Clarification of sensitive technologies for purposes of procurement ban</header><text display-inline="no-display-inline">The Secretary of State shall—</text>
<paragraph id="H604C140157B04023865431D3DEFCC3CE"><enum>(1)</enum><text>not later than 90 days after the date of the enactment of this Act, issue guidelines to further describe the goods, services, and technologies that will be considered <quote>sensitive technologies</quote> for purposes of section 106 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8515), and publish those guidelines in the Federal Register;</text></paragraph>
<paragraph id="H1C96C05334544A3192F1A3D273E64598"><enum>(2)</enum><text>determine the types of goods, services, and technologies that enable any indigenous capabilities that Iran has to disrupt and monitor information and communications in that country, and consider adding descriptions of those items to the guidelines; and</text></paragraph>
<paragraph id="H52E51CA16F41430F89E7CA2706D05AC3"><enum>(3)</enum><text>periodically review, but in no case less than once each year, the guidelines and, if necessary, amend the guidelines on the basis of technological developments and new information regarding transfers of goods, services, and technologies to Iran and the development of Iran’s indigenous capabilities to disrupt and monitor information and communications in Iran.</text></paragraph></section>
<section id="H1B1855E810E043DAB5B4FA34F364A941"><enum>207.</enum><header>Comprehensive strategy to promote internet freedom and access to information in Iran</header>
<subsection id="H017C5DE9ED904E8C88A0A0FCF6B2DFF3"><enum>(a)</enum><header>In general</header><text>Not later than 90 days after the date of the enactment of this Act and annually thereafter, the Secretary of State shall submit to the Committee on Foreign Affairs and the Committee on Appropriations of the House of Representatives and the Committee on Foreign Relations and the Committee on Appropriations of the Senate a comprehensive strategy to—</text>
<paragraph id="H85398B135C0E4257884B688C81C1134A"><enum>(1)</enum><text>help the people of Iran produce, access, and share information freely and safely via the Internet, including in Farsi and regional languages;</text></paragraph>
<paragraph id="H2B1BA6EC543C424F8FD2A85FA0B1A6CF"><enum>(2)</enum><text>support the development of counter-censorship technologies that enable the citizens of Iran to undertake Internet activities without interference from the Government of Iran;</text></paragraph>
<paragraph id="H9CC3E796CE21456B848AA937CEC3F8A1"><enum>(3)</enum><text>increase the capabilities and availability of secure mobile communications among human rights and democracy activists in Iran;</text></paragraph>
<paragraph id="H1C7A91ECFC6B481ABA9859ABFE55438F"><enum>(4)</enum><text>provide resources for digital safety training for media, unions, and academic and civil society organizations in Iran;</text></paragraph>
<paragraph id="H729A83D9A97D4C18A74820E96D0B4FBB"><enum>(5)</enum><text>increase the amount of accurate Internet content in local languages in Iran;</text></paragraph>
<paragraph id="H0549E49180954DFC9841BE6C0DDD247D"><enum>(6)</enum><text>increase emergency resources for the most vulnerable human rights advocates seeking to organize, share information, and support human rights in Iran;</text></paragraph>
<paragraph id="H03F89A92F54344B185648EC53109EFF9"><enum>(7)</enum><text display-inline="yes-display-inline">expand surrogate radio, television, live stream, and social network communications inside Iran, including by assisting United States telecommunications and software companies to comply with the United States export licensing process for such purposes;</text></paragraph>
<paragraph id="HDC94E39FB3764FBDAA13745606D140DA"><enum>(8)</enum><text>expand activities to safely assist and train human rights, civil society, and union activists in Iran to operate effectively and securely;</text></paragraph>
<paragraph id="HC1AA069BC964488B83AABC0971FFC20B"><enum>(9)</enum><text display-inline="yes-display-inline">defeat all attempts by the Government of Iran to jam or otherwise deny international satellite broadcasting signals, including by identifying foreign providers of jamming technology; </text></paragraph>
<paragraph id="HE7175B04825141E0B0D161EEDAB29AD7"><enum>(10)</enum><text>expand worldwide United States embassy and consulate programming for and outreach to Iranian dissident communities;</text></paragraph>
<paragraph id="HE3CC3324E08840DE98626F3E0206DFC6"><enum>(11)</enum><text display-inline="yes-display-inline">expand access to proxy servers for democracy activists in Iran; and</text></paragraph>
<paragraph id="H81601DBD30C24B1FA5DD93EDB5C538D0"><enum>(12)</enum><text>discourage telecommunication and software companies from facilitating Internet censorship by the Government of Iran.</text></paragraph></subsection>
<subsection id="HEE170BB0CB504E0F95783AFAC2D5C97F"><enum>(b)</enum><header>Eligibility for assistance</header><text display-inline="yes-display-inline">Assistance authorized under the comprehensive stategy required under subsection (a) shall be provided only to an individual, organization, or entity that meets the eligibility criteria in section 204(b) of this Act for financial and political assistance authorized under section section 204(a) of this Act.</text></subsection>
<subsection id="HA5CCF3FB805040CA8C5110D27974D39D" commented="no"><enum>(c)</enum><header>Form</header><text>The comprehensive strategy required under subsection (a) shall be submitted in unclassified form and may include a classified annex.</text></subsection></section>
<enum>III</enum><header>Iran regime and Iran’s Islamic Revolutionary Guard Corps accountability</header>
<section id="H2211AE24A1B540FCA0A63156B57CE404"><enum>301.</enum><header>Iran’s Islamic Revolutionary Guard Corps</header>
<subsection id="H55730CA6CA33468D99EB7E101D9D676F"><enum>(a)</enum><header>Transactions with Iran’s Islamic Revolutionary Guard Corps</header><text display-inline="yes-display-inline">No United States person shall knowingly conduct any commercial transaction or financial transaction with, or make any investment in—</text>
<paragraph id="H2D33420EAFBC4C38919DA689AF54BE33"><enum>(1)</enum><text>any person or entity owned or controlled by Iran’s Islamic Revolutionary Guard Corps;</text></paragraph>
<paragraph id="HE055F05B5C004BCF97254694A3E4459D"><enum>(2)</enum><text>any instrumentality, subsidiary, affiliate, or agent of Iran’s Islamic Revolutionary Guard Corps; or</text></paragraph>
<paragraph id="H469475386611472484C29BFB12FD37B3"><enum>(3)</enum><text>any project, activity, or business owned or controlled by Iran’s Islamic Revolutionary Guard Corps. </text></paragraph></subsection>
<subsection id="H71C070F05AF341248C828344BDBA42D7"><enum>(b)</enum><header>Transactions with certain foreign persons</header><text display-inline="yes-display-inline">No United States person shall knowingly conduct any commercial transaction or financial transaction with, or make any investment in, any foreign person or foreign entity that conducts any transaction with or makes any investment with Iran’s Islamic Revolutionary Guard Corps, which, if conducted or made by a United States person, would constitute a violation of subsection (a).</text></subsection>
<subsection id="H2C184747C2F9439683796116105DD194" commented="no"><enum>(c)</enum><header>Penalties</header><text>Any United States person who violates subsection (a) or (b) shall be subject to 1 or more of the criminal penalties under the authority of section 206(c) of the International Emergency Economic Powers Act (50 U.S.C. 1705). </text></subsection>
<subsection id="H4DA01F562F1D48C9B8DC56B2A2679932"><enum>(d)</enum><header>Waiver</header>
<paragraph id="H8D73D512BF774A4FAFC5BBAE9589525D"><enum>(1)</enum><header>In general</header><text>The President is authorized to waive the restrictions in subsection (a) or (b) on a case-by-case basis if the President determines and notfies the appropriate congressional committees that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the national security interests of the United States.</text></paragraph>
<paragraph id="H3AC27B6BD8BB44EDB5AEE59A540ABA13"><enum>(2)</enum><header>Publication in the Federal Register</header><text display-inline="yes-display-inline">Not later than 15 days after any waiver authority is exercised pursuant to paragraph (1) of this subsection, the name of the person with respect to which sanctions are being waived shall be published in the Federal Register. </text></paragraph></subsection>
<subsection id="H5901673B6E5B49D28C597E5D9E529E8F" commented="no"><enum>(e)</enum><header>Amendments to Code of Federal Regulations</header><text>Not later than 30 days after the date of the enactment of this Act, the President shall amend part 544 of title 31, Code of Federal Regulations (<quote>Weapons of Mass Destruction Proliferators Sanctions Regulations</quote>), to incorporate the provisions of this section. </text></subsection>
<subsection id="H7083BD68D64E4E26B4B1D92F3CD3A872"><enum>(f)</enum><header>Definitions</header><text>In this section, the terms <quote>foreign person</quote>, <quote>knowingly</quote>, and <quote>United States person</quote> have the meanings given such terms in section 112 of this Act. </text></subsection></section>
<section id="HFE30122C401246498237450738F30AF7"><enum>302.</enum><header>Additional export sanctions against Iran</header>
<subsection id="H490BD7B9C23D48639711B7C638EC5407"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Notwithstanding section 103(b)(2)(B)(iv) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8512(b)(2)(B)(iv)) or section 1606 of the Iran-Iraq Arms Non-Proliferation Act of 1992 (Public Law 102–484; 50 U.S.C. 1701 note) or any other provision of law, effective on the date of the enactment of this Act—</text>
<paragraph id="H8B0C77AA5B184C9E83FE89E62252661B"><enum>(1)</enum><text>licenses to export or reexport goods, services, or technology for the repair or maintenance of aircraft of United States origin to Iran may not be issued, and any such license issued before such date of enactment is no longer valid; and</text></paragraph>
<paragraph id="HB4B94C5EE2104275B7A68DBA633F4374"><enum>(2)</enum><text>goods, services, or technology described in paragraph (1) may not be exported or reexported to Iran.</text></paragraph></subsection>
<subsection id="HED68842D1BA549F5B4BB98EF8EEB6E3A"><enum>(b)</enum><header>Rule of construction</header><text>Nothing in this section shall be construed to repeal or otherwise supersede the requirements of section 740.15(d)(4) of title 15, Code of Federal Regulations (relating to reexports of vessels subject to the Export Adminstration Regulations).</text></subsection></section>
<section id="H6B469D5662B94CD5A3E554CAE706C1DB"><enum>303.</enum><header>Sanctions against affiliates of Iran’s Islamic Revolutionary Guard Corps</header>
<subsection id="HD8E25518DB974242AC08645ED42CB1ED"><enum>(a)</enum><header>In general</header><text>Not later than 90 days after the date of the enactment of this Act, and as appropriate thereafter, the President shall identify in, and, in the case of a foreign person or foreign entity not already so designated, shall designate for inclusion in the Annex to Executive Order No. 13382 (70 Fed. Reg. 38567; relating to blocking property of weapons of mass destruction proliferators and their supporters) and shall apply all applicable sanctions of the United States pursuant to Executive Order No. 13382 to each foreign person or foreign entity for which there is a reasonable basis for determining that the person or entity is as an agent, alias, front, instrumentality, official, or affiliate of Iran’s Islamic Revolutionary Guard Corps or is an individual serving as a representative of Iran’s Islamic Revolutionary Guard Corps.</text></subsection>
<subsection id="H6D915298222F46D88321F512EB8356F8"><enum>(b)</enum><header>Priority for investigation</header><text>In carrying out this section, the President shall give priority to investigating foreign persons and foreign entities identified under section 560.304 of title 31, Code of Federal Regulations (relating to the definition of the Government of Iran) and foreign persons and foreign entities for which there is a reasonable basis to suspect that the person or entity has conducted or attempted to conduct one or more sensitive transactions or activities described in subsection (c).</text></subsection>
<subsection id="H5F2CF314BC234C6186C7B814773A8F73"><enum>(c)</enum><header>Sensitive transaction or activity</header><text>A sensitive transaction or activity referred to in subsection (b) is—</text>
<paragraph id="H43340847A9EE4AB7B7B8734728A6A20B"><enum>(1)</enum><text>a transaction to facilitate the manufacture, import, export, or transfer of items needed for the development of nuclear, chemical, biological, or advanced conventional weapons, including ballistic missiles;</text></paragraph>
<paragraph id="H880F03CBF9E14412933EABEA9C5F28D4"><enum>(2)</enum><text>an attempt to interfere in the internal affairs of Iraq or Afghanistan, or equip or train, or encourage violence by, individuals or groups opposed to the governments of those countries;</text></paragraph>
<paragraph id="H7879B72DD06243E09E7BB6F5E2F1D26D"><enum>(3)</enum><text>a transaction relating to the manufacture, procurement, or sale of goods, services, and technology relating to Iran’s energy sector, including the development of the energy resources of Iran, export of petroleum products, and import of refined petroleum and refining capacity available to Iran;</text></paragraph>
<paragraph id="HA605E169DE694FB4994DF32280CAA221"><enum>(4)</enum><text>a transaction relating to the procurement of sensitive technologies (as defined in section 106(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8515(c)); or</text></paragraph>
<paragraph id="H40E4D06D672B464D865C2A9C2976CAFA"><enum>(5)</enum><text>a financial transaction or series of transactions valued at more than $1,000,000 in the aggregate in any 12-month period involving a non-Iranian financial institution.</text></paragraph></subsection>
<subsection id="HCBCB87310842436FAB88888F622D2CCA"><enum>(d)</enum><header>Inadmissiblity to United States</header><text>The Secretary of State shall deny a visa to, and the Secretary of Homeland Security shall deny admission into the United States to, any alien who, on or after the date of the enactment of this Act, is a foreign person designated for inclusion in the Annex to Executive Order No. 13382 pursuant to subsection (a).</text></subsection>
<subsection id="H07C0A03E7BAF4A54A6534B7611FF9EF8"><enum>(e)</enum><header>Rule of construction</header><text>Nothing in this section shall be construed to remove any sanction of the United States in force against Iran’s Islamic Revolutionary Guard Corps as of the date of the enactment of this Act by reason of the fact that Iran’s Islamic Revolutionary Guard Corps is an entity of the Government of Iran.</text></subsection></section>
<section id="H874E97A3E91F4E3390F0845FB7D5AC74"><enum>304.</enum><header>Measures against foreign persons or entities supporting Iran’s Islamic Revolutionary Guard Corps</header>
<subsection id="H2B4DA742BD1A4082B470B90DED7701CB"><enum>(a)</enum><header>Identification and notification</header><text>The President shall notify the appropriate congressional committees in any case in which the President determines that there is credible information indicating that a foreign person or foreign entity, on or after the date of the enactment of this Act, knowingly—</text>
<paragraph id="H559F80CF1AE548278363C0218DD12131"><enum>(1)</enum><text display-inline="yes-display-inline">provides material support to Iran’s Islamic Revolutionary Guard Corps or any foreign person or foreign entity that is identified pursuant to section 303(a) of this Act as an agent, alias, front, instrumentality, official, or affiliate of Iran’s Islamic Revolutionary Guard Corps or an individual serving as a representative of Iran’s Islamic Revolutionary Guard Corps; or</text></paragraph>
<paragraph id="HB50E8797484A41559AC820C886AF539D"><enum>(2)</enum><text>conducts any commercial transaction or financial transaction with Iran’s Islamic Revolutionary Guard Corps or any such person or entity.</text></paragraph></subsection>
<subsection id="H287673C4BCC4489B9ED419ECB465C5EA"><enum>(b)</enum><header>Waiver</header>
<paragraph id="HF5FC45D9A2A44D8ABBC9E53B2B882768"><enum>(1)</enum><header>In general</header><text>Notwithstanding any other provision of this title and subject to paragraph (2), the President is not required to make any identification or designation of or determination with respect to a foreign person or foreign entity for purposes of this title if doing so would cause damage to the national security of the United States through the divulgence of sources and methods of intelligence or other critical classified information.</text></paragraph>
<paragraph id="H6421CBE9BFB249E28ED2CB3FCFE71885"><enum>(2)</enum><header>Notice to Congress</header><text>The President shall notify Congress of any exercise of the authority of paragraph (1) and shall include in the notification an identification of the foreign person or foreign entity, including a description of the activity or transaction that would have caused the identification, designation, or determination for purposes of this title.</text></paragraph></subsection>
<subsection id="H036EDDB2C866447D97ACCC5273612A20"><enum>(c)</enum><header>Sanctions</header>
<paragraph id="H1ADC1A3D8D734C4581815E78C319DA07"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">The President shall apply to each foreign person or foreign entity identified in a notice under subsection (a) for a period determined by the President a majority of the sanctions described in section 106(a) of this Act.</text></paragraph>
<paragraph id="H68C52DD9FEA9413EB6810D0C51398B3A"><enum>(2)</enum><header>Termination</header><text>The President may terminate the sanctions applied to a foreign person or foreign entity pursuant to paragraph (1) if the President determines that the person or entity no longer engages in the activity or activities for which the sanctions were imposed and has provided assurances to the United States Government that it will not engage in the activity or activities in the future.</text></paragraph></subsection>
<subsection id="H77B5159E73A846C499C1776A20951FF2"><enum>(d)</enum><header>IEEPA sanctions</header><text>The President may exercise the authorities provided under subparagraphs (A) and (C) of section 203(a)(1) of the International Emergency Economic Powers Act (50 U.S.C. 1702(a)(1)) to impose additional sanctions on each foreign person or foreign entity identified pursuant to subsection (a), for such time as the President may determine, without regard to section 202 of that Act.</text></subsection>
<subsection id="H83E2451C8D7E4F7CB69A1ECD7C7ADDD7"><enum>(e)</enum><header>Waiver</header><text>The President may waive the application of any measure described in subsection (c) with respect to a foreign person or foreign entity if the President—</text>
<paragraph id="H49417B12AFB24BBEA424DFC174CFCD39"><enum>(1)</enum>
<subparagraph id="HAC663C3CD7994C35873C6015B0C6FC26" display-inline="yes-display-inline"><enum>(A)</enum><text>determines that the person or entity has ceased the activity that resulted in the notification under subsection (a) with respect to the person or entity (as the case may be) and has taken measures to prevent its recurrence; or</text></subparagraph>
<subparagraph id="HBF5CF6A8F4744BD09284730096A908DD" indent="up1"><enum>(B)</enum><text>determines and so reports to the appropriate congressional committees 15 days prior to the exercise of waiver authority that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States; and</text></subparagraph></paragraph>
<paragraph id="H2EFFACF2578548CBB6CC5555FE31C866"><enum>(2)</enum><text>submits to the appropriate congressional committees a report that contains the reasons for the determination.</text></paragraph></subsection>
<subsection id="H8B8A21722BD64FD59E6FCB1EF95CFD27"><enum>(f)</enum><header>Foreign person defined</header><text display-inline="yes-display-inline">In this section, the term <quote>foreign person</quote> has the meaning given the term in section 112 of this Act.</text></subsection></section>
<section id="H6DEB19F60743446B970A782938092267"><enum>305.</enum><header>Special measures against foreign countries supporting Iran’s Islamic Revolutionary Guard Corps</header>
<subsection id="H70FE9323E4034ACFBBAB897D0DAFC078"><enum>(a)</enum><header>Sanctions</header><text>With respect to any foreign entity identified pursuant to section 304(a) of this Act that is an agency of the government of a foreign country, the President shall, in addition to applying to the entity the sanctions described in section 304(c) of this Act, apply to the agency of the government of the foreign country the following measures:</text>
<paragraph id="H073618E4F2374F0698CD3709CE41BE71"><enum>(1)</enum><text>No assistance shall be provided to the agency of the government of the foreign country under the Foreign Assistance Act of 1961, or any successor Act, or the Arms Export Control Act, or any successor Act, other than assistance that is intended to benefit the people of the foreign country directly and that is not provided through governmental agencies or entities of the foreign country.</text></paragraph>
<paragraph id="HF40F08D5448C415B86064B679732691E"><enum>(2)</enum><text>The United States shall oppose any loan or financial or technical assistance to the agency of the government of the foreign country by international financial institutions in accordance with section 701 of the International Financial Institutions Act (22 U.S.C. 262d).</text></paragraph>
<paragraph id="HA510AD2BBF7347F0AAA41F503AF59BBF"><enum>(3)</enum><text>The United States shall deny to the agency of the government of the foreign country any credit or financial assistance by any department, agency, or instrumentality of the United States Government.</text></paragraph>
<paragraph id="H44CA6B30F8064B0C8E8074A5F785B836"><enum>(4)</enum><text display-inline="yes-display-inline">The United States Government shall not approve the sale to the agency of the government of the foreign country any defense articles or defense services or issue any license for the export of items on the United States Munitions List.</text></paragraph>
<paragraph id="H6E31F642E460428987574ECB980161D3"><enum>(5)</enum><text display-inline="yes-display-inline">No exports to the agency of the government of the foreign country shall be permitted of any goods or technologies controlled for national security reasons under the Export Administration Regulations.</text></paragraph>
<paragraph id="H89E2364570CB4799987AE4D0EFE46E7B"><enum>(6)</enum><text>At the earliest practicable date, the Secretary of State shall terminate, in a manner consistent with international law, the authority of any air carrier that is controlled in fact by the agency of the government of the foreign country to engage in air transportation (as defined in section 40102(5) of title 49, United States Code).</text></paragraph>
<paragraph id="HA998397F604C49BDAB1B532B28C63F79"><enum>(7)</enum><text display-inline="yes-display-inline">Additional restrictions may be imposed in accordance with the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).</text></paragraph> </subsection>
<subsection id="H622CF08BA1A6452E9E1FCDF906541C46"><enum>(b)</enum><header>Termination</header><text display-inline="yes-display-inline">The President may terminate the sanctions applied to an entity or government of a foreign country pursuant to subsection (a) if the President determines that the entity or government, as the case may be, no longer engages in the activity or activities for which the sanctions were imposed and has provided assurances to the United States Government that it will not engage in the activity or activities in the future.</text></subsection>
<subsection id="H9E13A7F9F3314A8495CE31B68E09A937"><enum>(c)</enum><header>Waiver</header><text display-inline="yes-display-inline">The President may waive the application of any measure described in subsection (a) with respect to an entity or government of a foreign country if the President—</text>
<paragraph id="HE39A6E4A3A3D47BE84958912E4FC5FF6"><enum>(1)</enum>
<subparagraph id="H41FB5D8EFDE04F118024DBF02D49E141" display-inline="yes-display-inline"><enum>(A)</enum><text display-inline="yes-display-inline">determines that the entity or government, as the case may be, has ceased the activity that resulted in the notification under section 304(a) of this Act with respect to the entity or government and has taken measures to prevent its recurrence; or</text></subparagraph>
<subparagraph id="H3EEF1B138F004AC288CEE0AC984C08EA" indent="up1"><enum>(B)</enum><text>determines and so reports to the appropriate congressional committees 15 days prior to the exercise of waiver authority that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States; and</text></subparagraph></paragraph>
<paragraph id="HB9517DD2635A40EAB28152327A3458FB"><enum>(2)</enum><text>submits to the appropriate congressional committees a report that contains the reasons for the determination.</text></paragraph></subsection></section>
<section id="H47A196E0DC6E46ED935AC3ECB9991169"><enum>306.</enum><header>Authority of State and local governments to restrict contracts or licenses for certain sanctionable persons</header><text display-inline="no-display-inline">Notwithstanding any other provision of law, a State or local government may adopt and enforce measures to prohibit the State or local government, as the case may be, from entering into or renewing any contract with, or granting to or renewing any license for persons that conduct business operations in Iran described in section 309 of this Act.</text></section>
<section id="H1155E100FA0C4BA582814799103F1E7C"><enum>307.</enum><header>Iranian activities in Iraq and Afghanistan</header>
<subsection id="H60A39147F2C54C32AE2624A79C6C9B7C"><enum>(a)</enum><header>Freezing of assets</header><text display-inline="yes-display-inline">In accordance with subsection (b), all property and interests in property of the foreign persons described in Executive Order No. 13382 and Executive Order No. 13224, or their affiliates, that are in the United States, that on or after the date of the enactment of this Act come within the United States, or that on or after the date of the enactment of this Act come within the possession or control of United States persons, are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in with respect to any such person determined by the Secretary of State, in consultation with the Secretary of the Treasury and the Secretary of Defense to—</text>
<paragraph id="HF04BD49FE449480E94B4D921C1057BD5"><enum>(1)</enum><text display-inline="yes-display-inline">have committed, or to pose a significant risk of committing, an act or acts of violence that have the purpose or effect of threatening United States efforts to promote security and stability in Iraq and Afghanistan;</text></paragraph>
<paragraph id="H73AC5CB11E7A4ADA9768FE2735EEF6BD"><enum>(2)</enum><text>have knowingly and materially assisted, sponsored, or provided financial, material, logistical, or technical support for, or goods or services in support of, such an act or acts of violence or any person or entity whose property and interests in property are blocked pursuant this subsection; or</text></paragraph>
<paragraph id="H4C2FA58516BA4612AA292788204E0EE9"><enum>(3)</enum><text>be owned or controlled by, or to have acted or purported to act for or on behalf of any person whose property and interests in property are blocked pursuant to this subsection.</text></paragraph></subsection>
<subsection id="H4257E77CBDC34AE2BEBF1EFDEC642D3E"><enum>(b)</enum><header>Description of prohibitions</header><text>The prohibitions described in subsection (a) include—</text>
<paragraph id="H5F5AB789EF504297A96CF17146F62810"><enum>(1)</enum><text>the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked; and</text></paragraph>
<paragraph id="HBE7A5108CE734936854E6599DBCB7DC9"><enum>(2)</enum><text>the receipt of any contribution or provision of funds, goods, or services from any such person.</text></paragraph></subsection>
<subsection id="H10839FD5D3C840EABE0F0E76C86BD941" display-inline="no-display-inline"><enum>(c)</enum><header>Findings</header><text display-inline="yes-display-inline">Congress finds that—</text>
<paragraph id="H9C4AEA81127145A68D70576BC2D6B68D"><enum>(1)</enum><text display-inline="yes-display-inline">an increase in both the quantity and quality of Iranian arms shipments and technological expertise to the Iraqi insurgents, the Taliban, other terrorist organizations and criminal elements has the potential to significantly change the battlefield in both Iraq and Afghanistan, and lead to a large increase in United States, International Security Assistance Force, Coalition and Iraqi and Afghan casualties; and </text></paragraph>
<paragraph id="H3BFC4C31F6BB4F31A94521E09842031B"><enum>(2)</enum><text>an increase in Iranian activity and influence in Iraq threatens the safety and welfare of the residents of Camp Ashraf.</text></paragraph></subsection>
<subsection id="HFB9E38CD96F24905A56C01B7613069F7" display-inline="no-display-inline"><enum>(d)</enum><header>Statement of policy</header><text display-inline="yes-display-inline">It shall be the policy of the United States to urge the Government of Iraq to—</text>
<paragraph id="H7488488799984707AE0CD6450649C1F8"><enum>(1)</enum><text display-inline="yes-display-inline">uphold its commitments to the United States to ensure the continued well-being of those individuals living in Camp Ashraf;</text></paragraph>
<paragraph id="HC75CA51B6FF343FB9FE7E55435AB647B"><enum>(2)</enum><text>prevent the involuntary return of such individuals to Iran in accordance with the United States Embassy Statement on Transfer of Security Responsibility for Camp Ashraf of December 28, 2008; and</text></paragraph>
<paragraph id="H8BBBFB0C885F4C9F9A749BE7E8296AB2"><enum>(3)</enum><text>not close Camp Ashraf until the United Nations High Commission for Refugees can complete its process, recognize as political refugees the residents of Camp Ashraf who do not wish to go back to Iran, and resettle them in third countries.</text></paragraph></subsection>
<subsection id="H5FD93AF51BEE45EEB78145514CCEFD90"><enum>(e)</enum><header>Definitions</header><text display-inline="yes-display-inline">In this section, the terms <quote>foreign person</quote> and <quote>United States person</quote> have the meanings given such terms in section 112 of this Act. </text></subsection></section>
<section id="HE50275FA2CD945EAA113E7B74B96C2C0"><enum>308.</enum><header>United States policy toward Iran</header>
<subsection id="HCD28BE911C2840718ECD14047B507A15"><enum>(a)</enum><header>National strategy required</header><text>The President shall develop a strategy, to be known as the <quote>National Strategy to Counter Iran</quote>, that provides strategic guidance for activities that support the objective of addressing, countering, and containing the threats posed by Iran.</text></subsection>
<subsection id="HB7FA4E8CFB5A4C5B8E0AD2C523EAC873"><enum>(b)</enum><header>Annual report</header>
<paragraph id="H832CA961CAA84FBBA5818B7B4E0C824F"><enum>(1)</enum><header>In general</header><text>Not later than January 30 of each year, the President shall transmit to the appropriate congressional committees a report on the current and future strategy of the United States toward Iran, and the implementation of the National Strategy to Counter Iran required under subsection (a).</text></paragraph>
<paragraph id="H8A5614392F4D4C6CAF640C328D8E35EC"><enum>(2)</enum><header>Form</header><text>If the President considers it appropriate, the report required under this subsection, or appropriate parts thereof, may be transmitted in classified form.</text></paragraph></subsection>
<subsection id="H53AB10F35D194E39BAEC3AA214F63AAC"><enum>(c)</enum><header>Matters to be included</header><text>The report required under subsection (b) shall include a description of the security posture and objectives of Iran, including at least the following:</text>
<paragraph id="H6EF2F031C32349F792A2BFE0DAC6B0FC"><enum>(1)</enum><text>A description and assessment of Iranian grand strategy and security strategy, including—</text>
<subparagraph id="HD864849E32F84AE2BD1E00D60859997B"><enum>(A)</enum><text>the goals of Iran’s grand strategy and security strategy, and strategic objectives; and</text></subparagraph>
<subparagraph id="HD2E8D9F130A542D1A45AF23F93B482E0"><enum>(B)</enum><text>Iranian strategy to achieve such objectives in the Middle East, Europe, Africa, Western Hemisphere, and Asia.</text></subparagraph></paragraph>
<paragraph id="HF25AFF772D944BEBA87C98EA88E2E986"><enum>(2)</enum><text>An assessment of the capabilities of Iran’s conventional forces and Iran’s unconventional forces, including—</text>
<subparagraph id="HAAED18CECAAA4FE4859ECEF35F9300E7"><enum>(A)</enum><text>the size and capabilities of Iran’s conventional forces and Iran’s unconventional forces;</text></subparagraph>
<subparagraph id="HB841038CD810464484668CB755B2C730"><enum>(B)</enum><text>an analysis of the formal and informal national command authority for Iran’s conventional forces and Iran’s unconventional forces;</text></subparagraph>
<subparagraph id="H2A9F9AE3CC1549E18EA7909370C48897"><enum>(C)</enum><text>the size and capability of Iranian foreign and domestic intelligence and special operations units, including the Iranian Revolutionary Guard Corps-Quds Force;</text></subparagraph>
<subparagraph id="H9FBD102CF2904FA9871150EEB800953F"><enum>(D)</enum><text>a description and analysis of Iranian military doctrine;</text></subparagraph>
<subparagraph id="HC7E2A221D3464DA4A4E80A36F4DA03C4"><enum>(E)</enum><text>the types and amount of support, including funding, lethal and nonlethal supplies, and training, provided to groups designated by the United States as foreign terrorist organizations and regional militant groups; and</text></subparagraph>
<subparagraph id="H2E9AD6BD734B49EFAED64A428D389A53"><enum>(F)</enum><text>an estimate of the levels of funding and funding and procurement sources by Iran to develop and support Iran’s conventional forces and Iran’s unconventional forces.</text></subparagraph></paragraph>
<paragraph id="H04BC7C1537864E2A881D928AA1F4587B"><enum>(3)</enum><text>An assessment of Iranian strategy and capabilities related to nuclear, unconventional, and missile forces development, including—</text>
<subparagraph id="HA4A484A0F92047D7A707B838E913363C"><enum>(A)</enum><text>a summary and analysis of nuclear weapons capabilities;</text></subparagraph>
<subparagraph id="H1B26778940BE4D7DA7152B726CDDA68E"><enum>(B)</enum><text>an estimate of the amount and sources of funding expended by, and an analysis of procurement networks utilized by, Iran to develop its nuclear weapons capabilities;</text></subparagraph>
<subparagraph id="HE5743E3E764A43EF8092390E89F88238"><enum>(C)</enum><text>a summary of the capabilities of Iran’s unconventional weapons and Iran’s ballistic missile forces and Iran’s cruise missile forces, including developments in the preceding year, the size of Iran’s ballistic missile forces and Iran’s cruise missile forces, and the locations of missile launch sites;</text></subparagraph>
<subparagraph id="H96F7758D93664F7083B0F22218B94545"><enum>(D)</enum><text>a detailed analysis of the effectiveness of Iran’s unconventional weapons and Iran’s ballistic missile forces and Iran’s cruise missile forces; and</text></subparagraph>
<subparagraph id="HCD0CF34FE9894E91AB422718C28D7DF8"><enum>(E)</enum><text>an estimate of the amount and sources of funding expended by, and an analysis of procurement networks utilized by, Iran on programs to develop a capability to develop unconventional weapons and Iran’s ballistic missile forces and Iran’s cruise missile forces.</text></subparagraph></paragraph>
<paragraph id="H3CB43486A72C4FEB91B1D8C44D6B9253"><enum>(4)</enum><text>The Government of Iran’s economic strategy, including—</text>
<subparagraph id="HB4282A6F6CBF45E89B218F49FDD96EB3"><enum>(A)</enum><text>sources of funding for the activities of the Government of Iran described in this section;</text></subparagraph>
<subparagraph id="H3187427FF0C04BF4BA27647681BA0847"><enum>(B)</enum><text>the role of the Government of Iran in the formal and informal sector of the domestic Iranian economy;</text></subparagraph>
<subparagraph id="HCEBB1E856C69451B997A71FED2B3ADB7"><enum>(C)</enum><text>evasive and other efforts by the Government of Iran to circumvent international and bilateral sanctions regimes;</text></subparagraph>
<subparagraph id="H6B5B4FA3C7C74354A264D14445C81D52"><enum>(D)</enum><text>the effect of bilateral and multilateral sanctions on the ability of Iran to implement its grand strategy and security strategy described in paragraph (1); and</text></subparagraph>
<subparagraph id="H8ABE8828204A4B8FB27394A1F2CB3171"><enum>(E)</enum><text>Iran’s strategy and efforts to leverage economic and political influence, cooperation, and activities in the Middle East Europe, Africa, Western Hemisphere, and Asia.</text></subparagraph></paragraph>
<paragraph id="HF79BE954BA9946ABBDF9CCAA3046787B"><enum>(5)</enum><text>Key vulnerabilities identified in paragraph (1), and an implementation plan for the National Strategy to Counter Iran required under subsection (a).</text></paragraph>
<paragraph id="HEAECD77EC53749F398E2DBDC43986D8E"><enum>(6)</enum><text>The United States strategy to—</text>
<subparagraph id="H33B940DB8ED14222BF0F4E3B4FA34C59"><enum>(A)</enum><text>address and counter the capabilities of Iran’s conventional forces and Iran’s unconventional forces;</text></subparagraph>
<subparagraph id="HA19E591361384A608AA19DE2903BEEDA"><enum>(B)</enum><text>disrupt and deny Iranian efforts to develop or augment capabilities related to nuclear, unconventional, and missile forces development;</text></subparagraph>
<subparagraph id="H0341EFD1FC16428999EE103A7158CE18"><enum>(C)</enum><text>address the Government of Iran’s economic strategy to enable the objectives described in this subsection; and</text></subparagraph>
<subparagraph id="HBB11FB637395450783F203A4FF71136E"><enum>(D)</enum><text>exploit key vulnerabilities identified in this subsection.</text></subparagraph></paragraph>
<paragraph id="HAED288572EC24BB38A2F004EDB28124A"><enum>(7)</enum><text>An implementation plan for United States strategy described in under paragraph (6).</text></paragraph></subsection>
<subsection id="H95FB4BEBF7DC4C3293C925057F9DF296"><enum>(d)</enum><header>Classified annex</header><text>The reports required under subsection (b) shall be in unclassified form to the greatest extent possible, and may include a classified annex where necessary.</text></subsection>
<subsection id="H189F4D1F61994B0ABB5DCA9B74BCF890"><enum>(e)</enum><header>Appropriate congressional committees</header><text>In this section, the term <quote>appropriate congressional committees</quote> means—</text>
<paragraph id="HC55BF1FCD11245CC85A350411E74EC54"><enum>(1)</enum><text>the Committee on Foreign Affairs, the Committee on Armed Services, the Committee on Appropriations, the Committee on Ways and Means, and the Permanent Select Committee on Intelligence of the House of Representatives; and</text></paragraph>
<paragraph id="H69832B5A76914AE08C626A3506F084B6"><enum>(2)</enum><text>the Committee on Foreign Relations, the Committee on Armed Services, the Committee on Appropriations, the Committee on Finance, and the Permanent Select Committee on Intelligence of the Senate.</text></paragraph></subsection></section>
<section id="H2B0DA56E244D45609EAE0B843029DAA4"><enum>309.</enum><header>Definitions</header><text display-inline="no-display-inline">Except as otherwise provided, in this title: </text>
<paragraph id="HDA07163E548D40A5B1B998ADF6C70622"><enum>(1)</enum><header>Appropriate congressional committees</header><text>The term <quote>appropriate congressional committees</quote> means—</text>
<subparagraph id="H8BFF38F274784F1FBB2AF3984EE3797D"><enum>(A)</enum><text>the Committee on Foreign Affairs, the Committee on Appropriations, the Committee on Ways and Means, and the Permanent Select Committee on Intelligence of the House of Representatives; and</text></subparagraph>
<subparagraph id="H215E61898097470BBD6E86D14CC40F99"><enum>(B)</enum><text>the Committee on Foreign Relations, the Committee on Appropriations, the Committee on Finance, and the Permanent Select Committee on Intelligence of the Senate.</text></subparagraph></paragraph>
<paragraph id="H10FB7935DFD04DCB90FF3106E2086C3A" commented="no"><enum>(2)</enum><header>Iran’s ballistic missile forces</header><text>The term <quote>Iran’s ballistic missile forces</quote> includes ballistic missiles, goods, and associated equipment and those elements of the Government of Iran that employ such ballistic missiles, goods, and associated equipment. </text></paragraph>
<paragraph id="HF53B81DCEE934656A63FF3E985C003B1"><enum>(3)</enum><header>Iran’s ballistic missile and unconventional weapons</header><text>The term <quote>Iran’s ballistic missile and unconventional weapons</quote> means Iran’s ballistic missile forces and chemical, biological, and radiological weapons programs.</text></paragraph>
<paragraph id="HD9EAEB02348C4B99851225BF887805C4" commented="no"><enum>(4)</enum><header>Iran’s cruise missile forces</header><text>The term <quote>Iran’s cruise missile forces</quote> includes cruise missile forces, goods, and associated equipment and those elements of the Government of Iran that employ such cruise missiles capable of flights less than 500 kilometers, goods, and associated equipment.</text></paragraph>
<paragraph id="HF8E0D3C815CC495F8D7A4F1518CFE74D"><enum>(5)</enum><header>Iran’s conventional forces</header><text>The term <quote>Iran’s conventional forces</quote>—</text>
<subparagraph id="HA642A4089B324ED786AACC15DF4C92CE"><enum>(A)</enum><text>means military forces of Iran designed to conduct operations on sea, air, or land, other than Iran’s unconventional forces and Iran’s ballistic missile forces and Iran’s cruise missile forces; and</text></subparagraph>
<subparagraph id="H74CEFD49C0AF4FFEB4CA8D7B34920281"><enum>(B)</enum><text>includes Iran’s Army, Air Force, Navy, domestic law enforcement, and elements of the Iran’s Islamic Revolutionary Guard Corps, other than Iran’s Islamic Revolutionary Guard Corps-Quds Force.</text></subparagraph></paragraph>
<paragraph id="H499B300CCAB54E5297BB177D81310191"><enum>(6)</enum><header>Iran’s unconventional forces</header><text>The term <quote>Iran’s unconventional forces</quote>—</text>
<subparagraph id="H6C96D5992C444553A424B3174C7339BE"><enum>(A)</enum><text>means forces of Iran that carry out missions typically associated with special operations forces; and</text></subparagraph>
<subparagraph id="H8097A582561C423CB7294DF65AC16310"><enum>(B)</enum><text>includes—</text>
<clause id="HCE7F6BE21567437D8AE15110285BFBF7"><enum>(i)</enum><text>the Iran’s Islamic Revolutionary Guard Corps-Quds Force;</text></clause>
<clause id="HE102969D9F0645F985DE089D3C871F32"><enum>(ii)</enum><text>paramilitary organizations;</text></clause>
<clause id="HA4E06553DC8647BBA615A9073D4835C0"><enum>(iii)</enum><text>formal and informal intelligence agencies and entities; and</text></clause>
<clause id="H7025D3095AAC4B7AA254A02C87695215"><enum>(iv)</enum><text>any organization that—</text>
<subclause id="HF33C577903C14233B1696E0C2753096B"><enum>(I)</enum><text>has been designated as a foreign terrorist organization under section 219(a) of the Immigration and Nationality Act (8 U.S.C. 1189(a));</text></subclause>
<subclause id="H238E5F08383A44E5B8627F8633C41C65"><enum>(II)</enum><text>receives assistance from Iran; and</text></subclause>
<subclause id="HA615EC847AA0425F9FE688BD1345E448"><enum>(III)</enum><text>is assessed—</text>
<item id="HF9026338D3D044BFA00465758CBF9BF1"><enum>(aa)</enum><text>as being willing in some or all cases of carrying out attacks on behalf of Iran; or</text></item>
<item id="H1279AC71C5B840A1ACFF254DB967BB0C"><enum>(bb)</enum><text>as likely to carry out attacks in response to an attack by another country on Iran or its interests.</text></item></subclause></clause></subparagraph></paragraph>
<paragraph id="H25ADFD9102BB43CEAAD517C873642D8B"><enum>(7)</enum><header>Affiliate</header><text>The term <quote>affiliate</quote> means any individual or entity that controls, is controlled by, or is under common control with, the company, including without limitation direct and indirect subsidiaries of the company.</text></paragraph>
<paragraph id="H218AE86502174AC6882BF4598B8762EC"><enum>(8)</enum><header>Business operations</header><text>The term <quote>business operations</quote> means—</text>
<subparagraph id="H5B4D24DC9FC645C6A17261D52BCF1F61"><enum>(A)</enum><text>carrying out any of the activities described in section 105(a) and (b) of this Act that are sanctionable under such section;</text></subparagraph>
<subparagraph id="H57CB70AAA9D647BF9C57F725D4124A80"><enum>(B)</enum><text>providing sensitive technology (as defined in section 106(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8515(c))) to the Government of Iran; and</text></subparagraph>
<subparagraph id="HDE6071D3A2144470A676841EC7E74423"><enum>(C)</enum><text>carrying out any of the activities described in section 304(a) of this Act .</text></subparagraph></paragraph>
<paragraph id="H4F373174759D41CE9721D3E34260370F"><enum>(9)</enum><header>Company</header><text>The term <quote>company</quote> means—</text>
<subparagraph id="H02BDE97503AF40ADB9E26454881A02DE"><enum>(A)</enum><text>a sole proprietorship, organization, association, corporation, partnership, limited liability company, venture, or other entity, its subsidiary or affiliate; and</text></subparagraph>
<subparagraph id="HB16F56C303F34D088FB3DFE38BA50BDB"><enum>(B)</enum><text>includes a company owned or controlled by the government of a foreign country, that is established or organized under the laws of, or has its principal place of business in, such foreign country and includes United States subsidiaries of the same.</text></subparagraph></paragraph>
<paragraph id="HCB7253B7A69F4650A910F5DDB23BEBDC"><enum>(10)</enum><header>Entity</header><text>The term <quote>entity</quote> means a sole proprietorship, a partnership, limited liability corporation, association, trust, joint venture, corporation, or other organization.</text></paragraph>
<paragraph id="H0216399B90D041DE9E2F1A3464BDEE24"><enum>(11)</enum><header>Executive agency</header><text>The term <quote>executive agency</quote> has the meaning given the term in section 133 of title 41, United States Code.</text></paragraph>
<paragraph id="HD6EE0D6629C144369FC3EA678C262523"><enum>(12)</enum><header>Government of iran</header><text>The term <quote>Government of Iran</quote> includes the Government of Iran, any political subdivision, agency, or instrumentality thereof, and any person owned or controlled by, or acting for or on behalf of, the Government of Iran.</text></paragraph>
<paragraph id="HD9ABE2B5235F48A49264A812CB244A72" commented="no"><enum>(13)</enum><header>Petroleum resources</header><text display-inline="yes-display-inline">The term <quote>petroleum resources</quote> has the meaning given the term in section 112 of this Act.</text></paragraph>
<paragraph id="H8EDBA1FD2B05492AAD2EBC30803BDAD9"><enum>(14)</enum><header>Sensitive technology</header><text>The term <quote>sensitive technology</quote> has the meaning given the term in section 106(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8515(c)).</text></paragraph></section>
<section id="H5CDF2D1B32584C46B18895337415DD40"><enum>310.</enum><header>Rule of construction</header><text display-inline="no-display-inline">Nothing in this title shall be construed to limit the authority of the President to otherwise designate foreign persons or foreign entities for inclusion in the Annex to Executive Order No. 13382 (70 Fed. Reg. 38567; relating to blocking property of weapons of mass destruction proliferators and their supporters).</text></section>
<enum>IV</enum><header>Iran financial sanctions; divestment from certain companies that invest in Iran; and prevention of diversion of certain goods, services, and technologies to Iran</header>
<section id="HC1501A5CBF17478FBB42654295493724"><enum>401.</enum><header>Iran financial sanctions</header>
<subsection id="HB7A30C86102C458C818A8E7E06A5B30F"><enum>(a)</enum><header>Financial institution certification</header><text>Section 104(e) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8513(e)) is amended by adding at the end the following new paragraph:</text>
<quoted-block id="H4E7B97DE0CB54B479C99B67E6F965DC3" style="OLC">
<paragraph id="H18F87FED3B1E42CFB3AC7910DD98994A"><enum>(3)</enum><header>Certification</header><text>Not later than 90 days after the date of the enactment of this paragraph, the Secretary of the Treasury shall prescribe regulations to require any person wholly owned or controlled by a domestic financial institution to provide positive certification to the Secretary if such person is engaged in corresponding relations or business activity with a foreign person or financial institution that facilitates transactions from persons and domestic financial institutions described in subsection (d).</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection>
<subsection id="H6A7D4F02C0424D8C9C2FF1A511F8627B" display-inline="no-display-inline"><enum>(b)</enum><header>Central Bank of Iran</header><text display-inline="yes-display-inline">Section 104(c) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8513(a)) is amended by adding at the end the following: </text>
<quoted-block style="OLC" id="HDE394C5C0A6E431FB906D7BC3B711D28" display-inline="no-display-inline">
<paragraph id="HE0E4A67FF2704D79BC5E29DEB1A6A5D7"><enum>(4)</enum><header>Central bank of iran</header>
<subparagraph id="HE79297485CF0485B9F97B15D7C7F158C"><enum>(A)</enum><header>Determination</header><text display-inline="yes-display-inline">Not later than 30 days after the date of the enactment of this paragraph, the President shall determine whether the Central Bank of Iran has—</text>
<clause id="H173D082CE2114EED8497C903B9F43A4C"><enum>(i)</enum><text>provided financial services in support of, or otherwise facilitated, the ability of Iran to—</text>
<subclause id="H13B037D2E4504648B00DB48DD6F8B7D3"><enum>(I)</enum><text>acquire or develop chemical, biological or nuclear weapons, or related technologies;</text></subclause>
<subclause id="H6E6436B7BB554EBC93CF2E9421AA9C00"><enum>(II)</enum><text>construct, equip, operate, or maintain nuclear enrichment facilities; or</text></subclause>
<subclause id="H2A2818F77736487B85EC104642F76DA6"><enum>(III)</enum><text>acquire or develop ballistic missiles, cruise missiles, or destabilizing types and amounts of conventional weapons; or</text></subclause></clause>
<clause id="H91498BB8D53E433B8C85163ADCCE9D21"><enum>(ii)</enum><text>facilitated a transaction or provided financial services for—</text>
<subclause id="HAD497FD2F70F4992B7842D7C4242AB9E"><enum>(I)</enum><text>Iran’s Islamic Revolutionary Guard Corps; or</text></subclause>
<subclause id="H935B5FF92B2B4B5CB3DB072D605B83F6"><enum>(II)</enum><text>a financial institution whose property or interests in property are subject to sanctions imposed pursuant to the International Emergency Economic Powers Act—</text>
<item id="HFED31D1CF40C48A0A394542F6688F35D"><enum>(aa)</enum><text>in connection with Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction; or</text></item>
<item id="H812F4883C0364911892805827D14A510"><enum>(bb)</enum><text>Iran’s support for acts of international terrorism.</text></item></subclause></clause></subparagraph>
<subparagraph id="HA6283D9B08814A54ABC06566D17277E3"><enum>(B)</enum><header>Submission to congress</header><text display-inline="yes-display-inline">The President shall submit the determination made under subparagraph (A) in writing to the Congress, together with the reasons therefor.</text></subparagraph>
<subparagraph id="HD599E7AD3FDF42C0A03FC69409E630C5"><enum>(C)</enum><header>Imposition of sanctions</header>
<clause id="H8AFAD5C815A54D1CB4B47039C178C6B9"><enum>(i)</enum><header>In general</header><text display-inline="yes-display-inline">If the President determines under subparagraph (A) that the Central Bank of Iran has engaged in any of the activities described in that paragraph, the President shall apply to the Central Bank of Iran sanctions pursuant to the International Economic Powers Act (50 U.S.C. 1701 et seq.), including blocking of property and restrictions or prohibitions on financial transactions and the exportation of property.</text></clause>
<clause id="H4DD80543D83D4F3BAE739FC0D9568C98"><enum>(ii)</enum><header>Effective period of designation</header><text>The President shall maintain the sanctions imposed under clause (i) until such time as the President determines and certifies in writing to the Congress that the Central Bank of Iran is no longer engaged in any of the activities described in subparagraph (A).</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection>
<subsection id="H9CE61BA9BEF840079FB30D6DF7FB5830"><enum>(c)</enum><header>Continuation in effect</header><text>Sections 104, 106, 107, 108, 109, 110, 111, and 115 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 shall remain in effect until the President makes the certification described in section 606(a) of this Act.</text></subsection></section>
<section id="HD8F2E569C5554304BB4C2A2AF583FCC5"><enum>402.</enum><header>Divestment from certain companies that invest in Iran</header><text display-inline="no-display-inline">Title II of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 shall remain in effect until the President makes the certification described in section 606(a) of this Act.</text></section>
<section id="HD252BE8DB33E4F8BA049FDB7DE437F94"><enum>403.</enum><header>Prevention of diversion of certain goods, services, and technologies to Iran</header><text display-inline="no-display-inline">Title III of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 shall remain in effect until the President makes the certification described in section 606(a) of this Act.</text></section>
<enum>V</enum><header>Securities and Exchange Commission</header>
<section id="H2067F2D804D94AB3A02C5B871C68FD57"><enum>501.</enum><header>Disclosures to the Securities and Exchange Commission relating to sanctionable activities</header>
<subsection id="HD0591430E59849BFB39098F15847611F"><enum>(a)</enum><header>In General</header><text>Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at the end the following new subsection:</text>
<quoted-block id="H7D82D4994C614465A0A810A11EE50756" style="OLC">
<subsection id="H7B0AD0486BEE4D0D826E166EE1C40E2B"><enum>(r)</enum><header>Disclosure of certain activities relating to Iran, terrorism, and the proliferation of weapons of mass destruction</header>
<paragraph id="H0DA6C2B0C21B4BFCA048A3D5ACEC6C0A"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">The Commission shall, by rule, require any issuer described in paragraph (2) to disclose on a quarterly basis a detailed description of each activity described in paragraph (2) engaged in by the issuer or its affiliates during the period covered by the report, including—</text>
<subparagraph id="H64AAA8C21C354683AA78BDA57BFF4597"><enum>(A)</enum><text>the nature and extent of the activity;</text></subparagraph>
<subparagraph id="H2D68222B866B4B60803A378DCADC651E"><enum>(B)</enum><text>the revenues, if any, attributable to the activity; and</text></subparagraph>
<subparagraph id="H60BBCC94D87045AAB3AE47B4605FE3DE"><enum>(C)</enum><text>whether the issuer or the affiliate of the issuer (as the case may be) intends to continue the activity.</text></subparagraph></paragraph>
<paragraph id="HFC5CE7DB1E6745519A5A2E999346452F"><enum>(2)</enum><header>Issuer described</header><text display-inline="yes-display-inline">An issuer is described in this paragraph if the issuer is required to file reports with the Commission under subsection (a) and the issuer or any of its affiliates has, during the period covered by the report—</text>
<subparagraph id="HD36AE7289E36493FA86B8400FE2D8FBF"><enum>(A)</enum><text>engaged in an activity described in section 105 of the Iran Threat Reduction Act of 2011 for which sanctions may be imposed;</text> </subparagraph>
<subparagraph id="HDF87A993A1B1418A9E701E099B09029D"><enum>(B)</enum><text>knowingly engaged in an activity described in subsection (c)(2) of section 104 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Public Law 111–195; 22 U.S.C. 8513) or knowingly violated regulations prescribed under subsection (d)(1) or (e)(1) of such section 104; or</text> </subparagraph>
<subparagraph id="H8C9BCDF521154A7796C67919CCB394B9"><enum>(C)</enum><text>knowingly conducted any transaction or dealing with—</text>
<clause id="HDCB5EC31F48042A295ECF6B6FFC36FB6"><enum>(i)</enum><text>any person the property and interests in property of which are blocked pursuant to Executive Order No. 13224 (66 Fed. Reg. 49079; relating to blocking property and prohibiting transacting with persons who commit, threaten to commit, or support terrorism);</text> </clause>
<clause id="H67CD93FB9CFD45498EAFACD73B86EA8A"><enum>(ii)</enum><text>any person the property and interests in property of which are blocked pursuant to Executive Order No. 13382 (70 Fed. Reg. 38567; relating to blocking of property of weapons of mass destruction proliferators and their supporters); or</text> </clause>
<clause id="H9E1FE82DC83E4B64BE2328C5BD968672"><enum>(iii)</enum><text>any person on the list contained in Appendix A to part 560 of title 31, Code of Federal Regulations (commonly known as the <quote>Iranian Transactions Regulations</quote>).</text> </clause></subparagraph></paragraph>
<paragraph id="H1B9759EE76F74502B1D85E8556BDFC2B"><enum>(3)</enum><header>Sunset</header><text display-inline="yes-display-inline">The provisions of this subsection and the rules issued by the Commission under paragraph (1) shall terminate on the date that is 30 days after the date on which the President makes the certification described in section 401(a) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8551(a)).</text></paragraph>
<paragraph id="H566C50102ACC45D29A48BE040B3656EF"><enum>(4)</enum><header>Investigation of disclosures</header><text>When an issuer reports, pursuant to this subsection, that it or any of its affiliates has engaged in any activity described in paragraph (2), the President shall—</text>
<subparagraph id="HBB28C1F1E83E45F083DABA49C0F95FE0"><enum>(A)</enum><text>initiate an investigation into the possible imposition of sanctions under the Iran Threat Reduction Act of 2011, section 104 of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8513), the Executive orders or regulations specified in paragraph (2)(C), or any other provision of law; and</text> </subparagraph>
<subparagraph id="H0A6FE4D11E234D9A81D68BA3D2052D06"><enum>(B)</enum><text>not later than 180 days after initiating such an investigation, make a determination with respect to whether sanctions should be imposed with respect to the issuer or the affiliate of the issuer (as the case may be).</text> </subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection>
<subsection id="HACFC6D8BB8C04155931622427D7456C2"><enum>(b)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendment made by subsection (a) shall take effect with respect to reports required to be filed with the Securities and Exchange Commission after the date that is 90 days after the date of the enactment of this Act.</text> </subsection></section>
<enum>VI</enum><header>General provisions</header>
<section id="H9E80B5F0A69249CBBB1C377DDEB181D6"><enum>601.</enum><header>Denial of visas for certain persons of the Government of Iran</header>
<subsection id="H88C3AA12DE8F467EA370BFDA179A3C55"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Except as necessary to meet United States obligations under the Agreement between the United Nations and the United States of America regarding the Headquarters of the United Nations, signed June 26, 1947, and entered into force November 21, 1947, and other applicable international treaty obligations, the Secretary of State shall deny a visa to, and the Secretary of Homeland Security shall deny admission into the United States to, a person of the Government of Iran pursuant to section 6(j)(1)(A) of the Export Administration Act of 1979 (as in effect pursuant to the International Emergency Economic Powers Act; 50 U.S.C. 1701 et seq.), section 40(d) of the Arms Export Control Act (22 U.S.C. 2780(d)), and section 620A of the Foreign Assistance Act of 1961 (22 U.S.C. 2371), including a person who is a senior official of the Government of Iran who is specified in the list under section 205(a)(1), if the Secretary determines that such person—</text>
<paragraph id="HC637EFE22D80404A8237BCAED0590220"><enum>(1)</enum><text>is an agent, instrumentality, or official of, is affiliated with, or is serving as a representative of the Government of Iran; and</text></paragraph>
<paragraph id="H74CC28C4BBB34BBC9F215E0BB6F169B1"><enum>(2)</enum><text>presents a threat to the United States or is affiliated with terrorist organizations.</text></paragraph></subsection>
<subsection id="H5C8EC5BE589E4FEB96A92E2BEF2042FC"><enum>(b)</enum><header>Restriction on movement</header><text>The Secretary of State shall restrict in Washington, D.C., and at the United Nations in New York City, the travel to only within a 25-mile radius of Washington, D.C., or the United Nations headquarters building, respectively, of any person identified in subsection (a).</text></subsection>
<subsection id="HC3F0CBE4BF8747448B8C10E0ECF0A6DB"><enum>(c)</enum><header>Restriction on contact</header><text display-inline="yes-display-inline">No person employed with the United States Government may contact in an official or unofficial capacity any person that—</text>
<paragraph id="H1A2D1CA95DD0418498B7AAB480101D11"><enum>(1)</enum><text display-inline="yes-display-inline">is an agent, instrumentality, or official of, is affiliated with, or is serving as a representative of the Government of Iran; and</text></paragraph>
<paragraph id="HAC6B370A5FFB4D488741193F5ABFADD6"><enum>(2)</enum><text>presents a threat to the United States or is affiliated with terrorist organizations.</text></paragraph></subsection>
<subsection id="HB5DC49AFF76E419890F6A8B06BF9BEF7"><enum>(d)</enum><header>Waiver</header><text>The President may waive the requirements of subsection (c) if the President determines and so reports to the appropriate congressional committees 15 days prior to the exercise of waiver authority that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States.</text></subsection></section>
<section id="H69084E10B7834EF2B2E1AD0934C64602"><enum>602.</enum><header>Inadmissibility of certain aliens who engage in certain activities with respect to Iran</header>
<subsection id="HCABB32FD2E314FB581A0ED63FEACBEE0"><enum>(a)</enum><header>In general</header><text>Section 212(a)(3) of the Immigration and Nationality Act (8 U.S.C. 1182(a)(3)) is amended by adding at the end the following:</text>
<quoted-block id="H7FCD442E2BFA4565B96BBDB11CFD87FD" style="OLC">
<subparagraph id="H68E492E273E848138D49D3C638E1877C"><enum>(H)</enum><header>Individuals who engage in certain activities with respect to Iran</header>
<clause id="H34D9328E823F4E40847FFD71718BAD75"><enum>(i)</enum><header>In general</header><text>Subject to clause (iii), any alien described in clause (ii) is inadmissible.</text></clause>
<clause id="HA35F8D7674944661986D78F010751FFE"><enum>(ii)</enum><header>Aliens described</header><text>An alien described in this clause is an alien who the Secretary of State determines—</text>
<subclause id="H16C21DF9D81245A1B79190089421DA11"><enum>(I)</enum><text>engages in—</text>
<item id="HC0382423EB2E45A6BB601E18035E4FD8"><enum>(aa)</enum><text display-inline="yes-display-inline">an activity for which sanctions may be imposed pursuant to section 105(a) of the Iran Threat Reduction Act of 2011;</text></item>
<item id="H96210F12AAB64FC6B42018169A01BBF0"><enum>(bb)</enum><text>an activity—</text>
<subitem id="HDA5CEFA315E249FB8B1129F14E1BE98C"><enum>(AA)</enum><text>relating to the proliferation by Iran of weapons of mass destruction or the means of delivery of such weapons; and</text></subitem>
<subitem id="HE32117EC673846DAB222DCCB748C8C6D"><enum>(BB)</enum><text>for which sanctions may be imposed pursuant to Executive Order No. 13382 (70 Fed. Reg. 38567) (or any successor thereto);</text></subitem></item>
<item id="H1C9EE7FDCAB744FA897F47D157B9D787"><enum>(cc)</enum><text>an activity—</text>
<subitem id="H0D6E0D6E3B6F46B2A005F6CFB9F09759"><enum>(AA)</enum><text>relating to support for international terrorism by the Government of Iran; and</text></subitem>
<subitem id="H71D04D15F8F34277B86DAE57AF8A1F0D"><enum>(BB)</enum><text>for which sanctions may be imposed pursuant to Executive Order No. 13224 (66 Fed. Reg. 49079) (or any successor thereto); or</text></subitem></item>
<item id="H5FC60F4E2C4D4E978C597CCECC930963"><enum>(dd)</enum><text>any other activity with respect to Iran for which sanctions may be imposed pursuant to any other provision of law;</text></item></subclause>
<subclause id="HF35197E52DC447E38228CF96A3B7F181"><enum>(II)</enum><text>is the chief executive officer, president, or other individual in charge of overall management of, a member of the board of directors of, or a shareholder with a controlling interest in, an entity that engages in an activity described in subclause (I); or</text></subclause>
<subclause id="HC690D73F93F54548A6F422888774937A"><enum>(III)</enum><text>is a spouse or minor child of—</text>
<item id="H61F46144883C48588F2EDC6A6E60FCE7"><enum>(aa)</enum><text>an alien who engages in an activity described in subclause (I); or</text></item>
<item id="H50D890BC4E754308A091D4C30D56F795"><enum>(bb)</enum><text>the chief executive officer, president, or other individual in charge of overall management of, a member of the board of directors of, or a shareholder with a controlling interest in, an entity that engages in an activity described in subclause (I).</text></item></subclause></clause>
<clause id="H807F4B1B308F47B3A777E2457E33B4F8"><enum>(iii)</enum><header>Notice; waiver with respect to certain entities</header>
<subclause id="H373742279A304DC28095D0EB959B2F97"><enum>(I)</enum><header>Notice</header><text>The Secretary of State may notify an alien the Secretary determines may be inadmissible under this subparagraph—</text>
<item id="H241B764541FD4F6E9CA30AA766EBEBA1"><enum>(aa)</enum><text>that the alien may be inadmissible; and</text></item>
<item id="H3883A52B22AD4AEDA6C5EF4DD98A6AE3"><enum>(bb)</enum><text>of the reason for the inadmissibility of the alien.</text></item></subclause>
<subclause id="HAD545F36F6EF4055A25CAE0C7B3BB8BE"><enum>(II)</enum><header>Waiver</header><text>The President may waive the application of this subparagraph and admit an alien to the United States if—</text>
<item id="H5FDF62AE738B405EA9CBE4FBA2D11CD1"><enum>(aa)</enum><text>the alien is described in subclause (II) or (III)(bb) of clause (ii);</text></item>
<item id="HFCCABE3EA804447A8B3488EA30B83A95"><enum>(bb)</enum><text>the entity that engaged in the activity that would otherwise result in the inadmissibility of the alien under this subparagraph is no longer engaging the activity or has taken significant steps toward stopping the activity; and</text></item>
<item id="H5E660C08581841DBA3B5B86354205FB0"><enum>(cc)</enum><text>the President has received reliable assurances that the entity will not knowingly engage in an activity described in clause (ii)(I) again.</text></item></subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection>
<subsection id="HC07E303D174540189498CB96688110DB"><enum>(b)</enum><header>Regulations</header><text>Section 428 of the Homeland Security Act of 2002 (6 U.S.C. 236) is amended by adding at the end the following:</text>
<quoted-block id="H2398A27EEB444AC79A5AB73DCCE0A584" style="OLC">
<subsection id="H69E4B3A9B2CF4D5E8D9BFD68AB59DB21"><enum>(j)</enum><header>Regulations with respect to inadmissibility of aliens who engage in certain transactions with iran</header><text>Not later than 180 days after the date of the enactment of this subsection, the Secretary shall issue regulations and guidelines for interpreting and enforcing the prohibition under subparagraph (H) of section 212(a)(3) of the Immigration and Nationality Act (8 U.S.C. 1182(a)(3)) on the admissibility of aliens who engage in certain sanctionable activities with respect to Iran.</text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section>
<section id="H4A9C7CE70A304466B5F8E4F260276DC2"><enum>603.</enum><header>Amendments to civil and criminal penalties provisions under the International Emergency Economic Powers Act</header>
<subsection id="H1634994CC4744EC1951C50E4C00CCA7D"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705) is amended—</text>
<paragraph id="HB80DB1A439FB4C99947971684039C144"><enum>(1)</enum><text>in subsection (a), by striking <quote>attempt to violate, conspire to violate</quote> and inserting <quote>attempt or conspire to violate</quote>;</text></paragraph>
<paragraph id="HCDF36D919A4C4E65824475711065420C"><enum>(2)</enum><text>in subsection (b), by striking <quote>not to exceed</quote> and all that follows and inserting <quote>that is not less than twice the value of the transaction that is the basis of the violation.</quote>; and</text></paragraph>
<paragraph id="HAE1EE401F7B34BB2BFA24C50E6AFAB35"><enum>(3)</enum><text>in subsection (c) to read as follows:</text>
<quoted-block style="OLC" id="H980F53ED9AEC44E0A7E9BB11F668E344" display-inline="no-display-inline">
<subsection id="H9E9CC2C036A64930A8A90D2E57C1AC18"><enum>(c)</enum><header>Criminal penalties</header><text display-inline="yes-display-inline">A person who willfully commits, attempts or conspires to commit, or aids or abets in the commission of, an unlawful act described in subsection (a) shall be fined not less than $1,000,000, imprisoned for not more than 20 years, or both. A person other than a natural person shall be fined in an amount not less than the greater of half of the value of the transaction that is the basis of the violation or $10,000,000. </text></subsection><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection>
<subsection id="HB83CD658F65147A1B0C11A9EB997A7F7"><enum>(b)</enum><header>Effective date</header><text>The amendments made by this section take effect on the date of the enactment of this Act and apply with respect to any violation of section 206(a) of the International Emergency Economic Powers Act (50 U.S.C. 1705(a)) that occurs on or after such date of enactment.</text></subsection></section>
<section id="H036417694F934D0893D447664C943268"><enum>604.</enum><header>Exclusion of certain activities</header><text display-inline="no-display-inline">Nothing in this Act or any amendment made by this Act shall apply to—</text>
<paragraph id="HA622E600563D47A8B31FB17A573170A4"><enum>(1)</enum><text>activities subject to the reporting requirements of title V of the National Security Act of 1947; or</text></paragraph>
<paragraph id="H0A467BEF743C4FDD9025E834D6364B68"><enum>(2)</enum><text display-inline="yes-display-inline">involving a natural gas development and pipeline project initiated prior to the date of enactment of this Act—</text>
<subparagraph id="HA6064773B29341028D975A570B6067B4"><enum>(A)</enum><text>to bring gas from Azerbaijan to Europe and Turkey;</text></subparagraph>
<subparagraph id="HCD07F300C7D347359A374EEFAB66D578"><enum>(B)</enum><text>in furtherance of a production sharing agreement or license awarded by a sovereign government, other than the Iranian government, before the date of enactment of this Act; and </text></subparagraph>
<subparagraph id="HEDD189F834424881B8A1C407DA9FF3C7"><enum>(C)</enum><text>for the purpose of providing energy security and independence from Russia and other governments engaged in activities subject to sanctions under this Act.</text></subparagraph></paragraph> </section>
<section id="HC1B5AB28A21B47CB842A026BD92F848E"><enum>605.</enum><header>Regulatory authority</header>
<subsection id="HA6CCA783A63647CABCB4346ECE249FD7"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">The President shall, not later than 90 days after the date of the enactment of this Act, promulgate regulations as necessary for the implementation of this Act and the amendments made by this Act. </text></subsection>
<subsection id="HFA15F2385F234697AF8E14BDF9E31353"><enum>(b)</enum><header>Consultation with congress</header><text>Not less than 10 days prior to the promulgation of regulations under subsection (a), the President shall notify the appropriate congressional committees of the proposed regulations and the provisions of this Act and the amendments made by this Act that the regulations are implementing.</text></subsection></section>
<section id="HDE08F10D3F254904957E314DA0C18BBA"><enum>606.</enum><header>Sunset</header>
<subsection id="H68BBD90F10CD4A408CA996D1BE21D8D1"><enum>(a)</enum><header>Sunset</header><text>The provisions of this Act and the amendments made by this Act shall terminate, and shall cease to be effective, on the date that is 30 days after the date on which the President certifies to Congress that Iran—</text>
<paragraph id="H90267381FA12435C8E3968E0EE4CF854"><enum>(1)</enum><text>has ceased and verifiably dismantled its efforts to design, develop, manufacture, or acquire—</text>
<subparagraph id="H39029CC2D2EC41B4BA7A99C94CDF7617"><enum>(A)</enum><text>a nuclear explosive device or related materials and technology;</text></subparagraph>
<subparagraph id="H5EF9790D518743A7ACF136E7204FE607"><enum>(B)</enum><text>chemical and biological weapons; and</text></subparagraph>
<subparagraph id="H36D3C23D339A458C8CD8627CBB311A21"><enum>(C)</enum><text>ballistic missiles and ballistic missile launch technology;</text></subparagraph></paragraph>
<paragraph id="H44276D70896B45EE99CFCAB511EAF2B0"><enum>(2)</enum><text>no longer provides support for acts of international terrorism; and</text></paragraph>
<paragraph id="HB303EF29E18D4E608472682B46CF2D52"><enum>(3)</enum><text>poses no threat to United States national security, interests, or allies.</text></paragraph></subsection>
<subsection id="H0423E826FDD1417F8FA3F533D9C833C6"><enum>(b)</enum><header>Notification</header><text>The President shall notify the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate not later than 15 days before making a certification described in subsection (a).</text></subsection></section>
Passed the House of Representatives December 14, 2011.Karen L. Haas,Clerk.